The House voted Friday to propose spending about $1 billion on the Permanent Fund Dividend this year, rejecting a Republican plan to spend $2.4 billion, which would have created a $1.4 billion deficit.
The plan proposes a $1,500 Permanent Fund dividend, but it will likely to trimmed to $1,000 or $1,100 in the Senate.
Read More“This latest shock to the global LNG supply could permanently change global consumption to other energy sources to avoid future shocks. In particular, should regional public policies shift away from natural gas and toward coal or renewables, Asia LNG demand growth may not resurge even under sequentially lower natural gas prices. Such a scenario might require LNG supply curtailment and temporarily shut the U.S. LNG export arbitrage.”
Read MoreAlaska’s Republican leaders, with the usual single exception, still have nothing to say about their supreme leader threatening war crimes. Sullivan and Begich cheered Trump’s disastrous decision to go to war.
Their cowardly silence, as Trump bleats that “a whole civilization will die tonight, never to be brought back again,” is criminal. With Sulllivan and Begich mute and afraid, Sen. Lisa Murkowski is calling out Trump for putting American lives at risk.
Read MoreFormer Anchorage Mayor Dave Bronson, one of the legions of Republican candidates for governor, says he wants to more than double the earnings of the Alaska Permanent Fund to pay higher dividends, avoid new taxes and solve the state’s financial woes.
Bronson and his running mate, Fairbanksan Josh Church, are newcomers to state politics, but that doesn’t excuse their cavalier manner. They seem to be unaware that injecting politics into Permanent Fund investments is a terrible idea.
Read MoreSen. Dan Sullivan and Rep. Nick Begich the Third will not condemn Donald Trump’s plan for massive war crimes.
Read MoreWhat we haven’t heard from Sullivan, a charter member of the Senate DOGE Caucus, is what taxes he supports to pay for the largest military budget in U.S. history, which features an increase of more than 40 percent. Trump introduced the proposal Friday.
The Trump plan endorsed by Sullivan would add $7 trillion to the national debt by 2036, according to this analysis by the Committee for a Responsible Federal Budget.
Read MoreSix members of the finance committee earned honors as PFD Posturers this week by claiming the state can afford to spend $2.4 billion on dividends and burn through half of the Constitutional Budget Reserve, which would make it impossible to deal with future state emergencies without going into the Permanent Fund.
Read MoreDonald Trump told Republicans they should remain in Washington, D.C. this week to pass the so-called SAVE act, which is about saving himself. Do it for Jesus, Trump said.
Read MoreAll the expectations for the Permanent Fund were based on conditions that prevailed before the 1979 Iranian revolution when Ayatollah Khomeini became the first supreme leader. Oil prices rose by 250 percent from 1978-1980, changing every calculation about Alaska’s finances and the vision for the Permanent Fund.
Read More“Now the Permanent Fund is more critical than ever to the economy and people of Alaska. Alaska cannot afford any mistakes,” said former Rep. Terry Gardiner, one of the few founders of the Alaska Permanent Fund still alive 50 years after its creation.
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