Hey AP hacks:
A) It's called a snowmachine.
B) While I understand not wanting to destroy the allure of crazy Alaskans rolling in handouts with facts, if you would unpack the philosophical, constitutional, and economic principles behind this pathetic excuse for an informative "paragraph," you might realize the PFD is NOT even remotely "free money":
"The Permanent Fund was established in 1976 after North Slope oil was discovered. The state began distributing money from the fund to residents in 1982."
So, it's not really free. It's more like finding a $20 in the washer...well...no..wait, that isn't it either. It's like that bully down the street stealing your lunch money and then expecting you to be grateful when he returns a part of the money after he has indulged himself and a few buddies on donuts.
Byron Whitesides · Hillsdale College Online Courses
funny we haven't had a decent permanent fund since Sarah Palin was governor in spite of record oil prices and profits. Meanwhile the present governor can give billions of tax monies back to the oil companies making record profits here, with no promise from them of more development or production. Don't you think that in order to get a tax break, they should have to drill and produce NEW development? Something stinks here...
Adam Rose-Levy · Intern at Funny Or Die
The PFD is awesome, no doubt about that. But I encourage people to look at what Norway has done with their Sovereign Wealth Fund. Had we nationalized our oil industry, we could be looking at that kind of chump change (an estimated $1 trillion by 2020). Just some food for thought.
From Anchorage Daily News