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Old 08-09-2011, 09:20 PM
 
Location: Mississippi
3,047 posts, read 2,817,176 times
Reputation: 699

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"Alaska recently had its bond rating raised to AAA for the first time in the state's history, largely due to fiscal improvements brought about by Sarah Palin while she was governor. The state currently enjoys a $12 billion budget surplus"

How Sarah Palin Got a AAA Credit Rating for Alaska - Joshua Green - Politics - The Atlantic
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Old 08-09-2011, 09:29 PM
 
Location: Missouri
4,272 posts, read 3,773,561 times
Reputation: 1937
Quote:
Originally Posted by DraggingCanoe View Post
"Alaska recently had its bond rating raised to AAA for the first time in the state's history, largely due to fiscal improvements brought about by Sarah Palin while she was governor. The state currently enjoys a $12 billion budget surplus"

How Sarah Palin Got a AAA Credit Rating for Alaska - Joshua Green - Politics - The Atlantic
From the article you referenced...

Quote:
It was largely because Palin raised taxes. Specifically, the state oil tax. Her central achievement as governor was signing a law, Alaska's Clear and Equitable Share (ACES), that dramatically increased the state's share of oil profits just as oil prices began to take off. There's a direct line between increased revenue and improved fiscal health.
Just in case that little tidbit is missed by the skimmers.
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Old 08-09-2011, 09:31 PM
 
Location: San Jose
1,862 posts, read 2,378,001 times
Reputation: 541
Quote:
Originally Posted by geofra View Post
From the article you referenced...



Just in case that little tidbit is missed by the skimmers.
Ah... I was going to say they raised it because she quit. But, I like your answer better.
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Old 08-09-2011, 09:37 PM
 
69,368 posts, read 63,876,867 times
Reputation: 9383
Quote:
Originally Posted by geofra View Post
From the article you referenced...

It was largely because Palin raised taxes. Specifically, the state oil tax. Her central achievement as governor was signing a law, Alaska's Clear and Equitable Share (ACES), that dramatically increased the state's share of oil profits just as oil prices began to take off. There's a direct line between increased revenue and improved fiscal health.

Just in case that little tidbit is missed by the skimmers.
You mean they broadened the tax base, which is exactly what the Obama debt commission suggested, the GOP and Tea Partiers wanted, but Democrats object to?
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Old 08-09-2011, 09:38 PM
 
3,709 posts, read 4,614,293 times
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But oil is tangible and fungible, a "currency" that can stand alone and does not relocate, like other resources self-allocate.

All other things being equal, high tax and regulation environments strangle business investments and tax revenues at the same time.

When Dems get a 3rd grade understanding of economics or higher, there may be some progress in this country.
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Old 08-09-2011, 09:40 PM
 
Location: Gone
25,231 posts, read 16,862,202 times
Reputation: 5932
Quote:
Originally Posted by DraggingCanoe View Post
"Alaska recently had its bond rating raised to AAA for the first time in the state's history, largely due to fiscal improvements brought about by Sarah Palin while she was governor. The state currently enjoys a $12 billion budget surplus"

How Sarah Palin Got a AAA Credit Rating for Alaska - Joshua Green - Politics - The Atlantic
How much of that money comes from their Federal handouts, you do know Alaska is the biggest welfare state in the union don't ya
Palin did Alaska a huge favor, she quit, anther one of her talents.
Casper
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Old 08-09-2011, 09:46 PM
 
69,368 posts, read 63,876,867 times
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Quote:
Originally Posted by Casper in Dallas View Post
How much of that money comes from their Federal handouts, you do know Alaska is the biggest welfare state in the union don't ya
Palin did Alaska a huge favor, she quit, anther one of her talents.
Casper
More repating of lies? Dam, dont you liberals ever get tired of being wrong? Alaska got the most REVENUES per occupant, but thats because the federal government is BUYING the oil.
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Old 08-09-2011, 09:48 PM
 
1,457 posts, read 2,021,509 times
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inb4 page 100

Respectability is a hell of a drug.
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Old 08-09-2011, 09:52 PM
 
Location: Great Falls, Montana
4,002 posts, read 3,892,591 times
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Quote:
Originally Posted by pghquest View Post
You mean they broadened the tax base, which is exactly what the Obama debt commission suggested, the GOP and Tea Partiers wanted, but Democrats object to?
Good One .. .. heh heh
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Old 08-09-2011, 09:56 PM
 
Location: Missouri
4,272 posts, read 3,773,561 times
Reputation: 1937
Quote:
Originally Posted by pghquest View Post
You mean they broadened the tax base, which is exactly what the Obama debt commission suggested, the GOP and Tea Partiers wanted, but Democrats object to?
It looked like Governor Palin picked on one industry, the one with the biggest pockets.
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