Perhaps common sense is no longer common, or
just doesn’t apply to our State Legislature. The old saying, “don’t
fix it if it ain’t broke!” must not apply to our Permanent Fund.
The Governor’s proposed POMV plan is a fix to one of the few systems
that isn’t broke.
I’ve heard
claims the current system is old fashioned, that universities and
endowments use POMV to fund their operation. I’ve heard government
officials claim POMV will create a steady stream of revenue, so
Alaskans can count on receiving a dividend. However, I haven’t
heard why this new and improved system is really necessary to fix
what really isn’t broken with the Permanent Fund and Dividend
Program.
It’s what
isn’t being said that should alarm Alaskans. You can be sure this
is a political fix to the citizen’s advisory vote of 1999, when 83%
of Alaskans clearly said “No” to the state’s proposal to spend a
portion of the PFD to satisfy their overspending. Politicians
refusing to accept that answer have now come up with a new plan and
hope we don’t figure out what they are doing until it’s too late.
This issue was
never about management of the Permanent Fund, but whether we have
changed our minds about them spending the Permanent Fund to sustain
the unsustainable. I say “NO”, again!
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