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Old 09-21-2008, 08:36 PM
 
Location: Not far from Fairbanks, AK
20,293 posts, read 37,189,297 times
Reputation: 16397

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Quote:
Originally Posted by Metlakatla View Post
Hey Ray. I don't bother with the oil money and I'm a dreaded Democrat.



Get a grip. Not ever resident even applies for it.
Oh, I see. Are you sure that some of the AK residents who qualified for the PDF and refund "ever" apply for it? Just imagine a family with thee or more children not applying.
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Old 09-21-2008, 08:37 PM
 
Location: on the edge of Sanity
14,268 posts, read 18,938,206 times
Reputation: 7982
The Alaska Permanent Fund was created by a 1976 amendment to the state constitution and it has paid out annual dividends from investment earnings.

So Alaska recently enjoyed a big surplus and the checks were larger as a result. In the 90s, I made about 350% in mutual funds in less than 5 years (125% in 1999) and I had no clue what I was doing. Sometimes even a blind pig finds a truffle. (Unfortunately, I lost most of that gain in 2001-2002.)

Oh, I guess I shouldn't use a very common expression. That's so sexist of me!
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Old 09-21-2008, 08:38 PM
 
7,359 posts, read 10,279,481 times
Reputation: 1893
Quote:
Originally Posted by tinman01 View Post
So what are you saying? That Alaska residents don't deserve the checks? Or that it isn't fair that residents of the state providing a great deal of our oil should benefit from it?
No, that's not what I'm saying. The post to which I was responding focused on the checks as being a reason to support Palin as V.P. candidate.

On another note: Alaska does not provide "a great deal of our oil." Another lie from Palin, who keeps repeating that Alaska supplies 20% of the nation's oil. It does not. This has been corrected in the media many times. She ignores it and keeps repeating it. Why does she do this? Because the current incarnation of the "Republican" party knows that some members of their base don't care about the truth, and others are uneducated and easily convinced by a shake and a smile.
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Old 09-21-2008, 08:38 PM
 
26,639 posts, read 36,730,484 times
Reputation: 29911
I'm qualified for it and didn't apply, Ray.
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Old 09-21-2008, 08:39 PM
 
Location: Not far from Fairbanks, AK
20,293 posts, read 37,189,297 times
Reputation: 16397
Quote:
Originally Posted by magellan View Post
No, probably saying that it's easy to be "popular" when you're handing out $3000 checks to your citizens.

What would her approval ratings be if she were to run a much bigger state with a "real" economy.
I don't believe that you know much about the AK's economy. You will be surprised with the size of the budget, and its surplus. It will also surprise you to find out the size of the PFD in Alaska. Over a year ago it was over $30-billion.
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Old 09-21-2008, 08:42 PM
 
26,639 posts, read 36,730,484 times
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And of course you think that my little island (the third largest island in the United States, by the way, so not so little), doesn't matter in Alaska. Something else you have in common with the governor. I suppose you think that the earth is 6000 years old, too.
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Old 09-21-2008, 08:45 PM
 
Location: Not far from Fairbanks, AK
20,293 posts, read 37,189,297 times
Reputation: 16397
Quote:
Originally Posted by Metlakatla View Post
And of course you think that my little island (the third largest island in the United States, by the way, so not so little, doesn't matter in Alaska. Something else you have in common with the governor. I suppose you think that the earth is 6000 years old, too.
No, that's not what I said, that's what you are saying. Also, I didn't say "it didn't matter."

Your island is very small when compared to Alaska, and with a very small population (voters). In Alaska, Anchorage and vicinity, Fairbanks and vicinity, and Juneau tip election results. In fact, most times the rural vote (I am there) hardly makes a dent against Anchorage and Juneau.
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Old 09-21-2008, 08:45 PM
 
Location: Pa
20,300 posts, read 22,224,166 times
Reputation: 6553
Quote:
Originally Posted by magellan View Post
No, probably saying that it's easy to be "popular" when you're handing out $3000 checks to your citizens.

What would her approval ratings be if she were to run a much bigger state with a "real" economy.
Like PA which is run in the red?
Hard to get bigger than Alaska last time I checked they be pretty big. Small population but huge logistical problems and about 9 months of foul weather.
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Old 09-21-2008, 08:49 PM
 
26,639 posts, read 36,730,484 times
Reputation: 29911
This is exactly what you said, Ray:

Quote:
Your little island hardly makes a difference in Alaska.
Now of course it hardly makes a difference votewise, if that's what you meant. But then, the three electoral votes that Alaska has hardly make a difference either.
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Old 09-21-2008, 08:51 PM
 
Location: Grand Rapids Metro
8,882 posts, read 19,856,367 times
Reputation: 3920
Quote:
Originally Posted by RayinAK View Post
I don't believe that you know much about the AK's economy. You will be surprised with the size of the budget, and its surplus. It will also surprise you to find out the size of the PFD in Alaska. Over a year ago it was over $30-billion.
I know that Alaska has a Gross State Product (economic output) of about $40 Billion, about the same as the county I live in in Michigan. I know that the State budget spending of Alaska per resident is about 3x the national average.

http://www.city-data.com/forum/2008-...erage-per.html

I know that Alaska gets the greatest majority of its revenue from the gas and oil industry. So much so that Alaska doesn't have a sales or income tax (statewide).

It's an oil and gas enclave. It wouldn't surprise me at all that the PFD is $30 Billion, considering the current environment in the petroleum industry (speculative pricing).

And tinman, yes it's a large mostly uninhabited land-mass, that doesn't require much governing. Can we all at least be honest about that. Same with Montana, Wyoming and the Dakotas.

I'm sure it's a beautiful, breathtaking place. Just not a good proving ground for Washington D.C..
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