Many of us who had heard of Sarah Palin prior to her being announced as John McCain’s running mate first starting paying attention and/or fell in love for her fiscally conservative instincts. Long before people were questioning whether or not her son was really her son and running on camera at MSNBC with any rumour they read on the Internet, there was just a gal in Alaska cutting taxes, cutting spending, and enjoying an 80% approval rating.
And I’m reminded of the what a wasted opportunity it was at the hands of the McCain campaign – that they didn’t let her speak out aboot those instincts more – when I read articles like this. With most of the states in fiscal turmoil, there was concern that Alaska would have been the worst hit because of the plummeting energy and oil prices.
Turns out, Alaska is doing okay…
The state has socked away $1 billion in an education fund for the next school year and education officials say another $1 billion is expected go into the fund this year for future use. More billions went into state savings as well, Palin said. “We’re more prepared than other states because of the prudence there,” Palin said recently. “We crossed that first hurdle.”
The state currently has $6.6 billion in its constitutional budget reserve fund that it could tap into. A few billion dollars more also is available from other pockets, said Juneau economist Gregg Erickson, a longtime Alaska budget watcher. Given Alaska’s robust reserves, the state is well-prepared to weather the next two years, Erickson said. As to how long reserves will last after that, there are too many factors involved to say for sure.
I’m not saying things are all puppy dogs and ice cream in Alaska. The state has to make budgets cuts just like the other forty-nine do. But imagine if, in the middle of a presidential election, in the middle of an economic crisis, one of the candidates was allowed to talk aboot how her state took some of the money they had coming into the treasury and SAVED IT IN CASE OF AN EMERGENCY.
She was the only candidate of the four who had any economic experience, yet she was never allowed to talk aboot any of her economic experience.
UPDATE: Oy Vey!
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