| After 11 months of budget uncertainty, Gov. Bill Walker has taken the helm to offer a realistic solution to our fiscal crisis. His Sovereign Wealth Fund proposal should end the boom and bust budget cycles dependent on the price of oil before the state depletes its Constitutional Budget Reserve. The challenge for the Legislature will be to set aside political ideologies and give this idea serious consideration.
If the plan is accepted and implemented, every Alaskan can expect to see our Permanent Fund Dividend cut in half. That could lead to voter backlash against Walker and any legislator who supports it. However, people need to recognize this recommendation is not about taking the easy way out...............................................Full Article: Source
|