SitNews - Stories in the News - Ketchikan, Alaska



Last thoughts on the Perm Fund
By Alan R. McGillvray


March 25, 2006

I do believe that there is one other state in the Union of the United States, that has a Permanent Fund or similar. However, Alaska is the ONLY state that chose to return part of the interest proceeds to its citizens. I feel that this approaches unconscionability.

We call it a "Savings Account", others call it "hoarding" and our lack of willingness to use parts of our savings to forward our own infrastructure, and use everyone else's tax dollars to benefit just us, is giving the rest of the U.S. a negative view of Alaska.

Now then, the Perm Fund was designed to prevent our Legislature from spending every last oil dollar, as we want to do. However we need a source of matching funds for major projects such as our so-called "Bridges to Nowhere" and EDUCATION. The mere fact that we are 40 something down on the list for educational support, should waken our public to the fact that the money disbursed to the private citizenry of Alaska would be better used to finance our children's education.

What do you think? Is it time to stop wasting money on ourselves, and spend it on our children? I think so.

Yours for a better Alaska,

Alan Rudolf McGillvray
Ketchikan, AK - USA

About: Alan R. McGillvray writes he is a "50 year resident of Alaska, and Ketchikan. I have lived in and out of Ketchikan, and AK, however I was a resident of Ketchikan when the Perm Fund was initiated".



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