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STATE BUDGET
An endless spending cycle leading to stagnation and decline.
by Michael Chambers
It may be the libertarian thread deeply running in me, but I believe the highest calling
for government is to help create the most viable private sector economy possible. There is nothing more American than to have faith in the free-market economy spurred on by a desire to create individual wealth and pass that opportunity onward to future generations.
Obviously, based on the construction of our State Constitution, created by the wisdom of socialists from other areas of America, we have challenges other US citizens do not face based on the collective ownership of the resources.
"This factor alone should not prevent us from building and promoting a viable economy."
Unfortunately, Alaska has not remotely lived up to this challenge. Through the decades, legislators have squandered billions of dollars building primarily, a dysfunctional government economy.
"The difference between a "government economy" which uses resources and a "private economy" which creates wealth is substantial. Unfortunately, we have chosen a government economy which has very little to show for our invested financial expenditures."
Our government school system ranks at the bottom of the nation in every category. Our healthcare system is the most expensive in the world causing many to travel outside to obtain more affordable care. We have less roads than most states in the union. Only Hawaii, Rhode Island and Delaware have less. Our homeless industrial complex seems created to ensure more homeless for the purpose of a select few who create wealth off the backs of the less fortunate. And substantial residents in the state still utilizing honey buckets for basic needs; conditions you would expect in third world countries. We have the second highest electric rates in the nation. We have ZERO food security, and the natural food stocks we do have are in serious decline from mismanagement. A legislative solution to provide electricity to rural areas of Alaska is to subsidize diesel fuel for generators which sounds like a 3rd graders solution, and I don't mean to insult 3rd graders. Alaska is looking more like Cuba than a state of America.
And, to make my point crystal clear, here is a linear chart which clearly shows that Alaska's Gross State Product (GSP) has been stagnating for decades. Alaska has the lowest GSP in the nation. Put bluntly, we get the top prize for having no private diversified economy thanks to a majority of legislators who would not know what a private economy is even if it came up and bit them in the leg!
Congratulations Alaska, A job not well done!
Stay tuned for part ll.... Where do we go from here?

On another note, the most viable program created to direct distributed wealth directly to the private sector is on it's legislative deathbed to nobody's surprise.

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