Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Alaska

Blue_In_AK

(46,436 posts) Thu Apr 28, 2016, 10:09 PM Apr 2016

CBS Evening News had a good story tonight about Alaska's fiscal crisis.

http://www.cbsnews.com/videos/alaska-budget-drying-up-as-oil-prices-continue-to-fall/

2 replies

= new reply since forum marked as read

Highlight:

CBS Evening News had a good story tonight about Alaska's fiscal crisis. (Original Post) Blue_In_AK Apr 2016 OP

I saw it GP6971 Apr 2016 #1

Yep, it's pretty bleak, Blue_In_AK Apr 2016 #2

GP6971

(31,149 posts)

1. I saw it

Reply to Blue_In_AK (Original post)

Thu Apr 28, 2016, 10:20 PM

Apr 2016

and it sounds pretty dismal. They don't have a lot to look forward to.

Blue_In_AK

(46,436 posts)

2. Yep, it's pretty bleak,

Reply to GP6971 (Reply #1)

Thu Apr 28, 2016, 11:14 PM

Apr 2016

and our Republican legislature seems hellbent on not doing anything about it at all since it's an election year. We are in the crazy position right now of giving the oil companies more in credits and incentives to produce (almost $900 million a year) than we're getting back in revenue. In other words, we'd be better off telling them to take a hike and desert the North Slope rather than have them continuing to operate here. It's pretty crazy. Any good ideas that the few Democrats in the legislature have had don't even make it to the floor.

Reply to this discussion