Faun
Diamond Member
- Nov 14, 2011
- 124,356
- 81,200
Then please, nominate her!Sarah Palin is the idiot failed governor who took a welfare state supported by the rest of us that produced OIL and ran a deficient that is now over 2 billion.
Alaska state budget (2008-2009) - Ballotpedia
Your post is a fucking lie.
Here are some true facts that you liberals do not know or refuse to learn.
Governor Murkowskis last budget FY2007: $11,697,400,000
Governor Palins latest budget FY2010: $10,570,000,000
Total reduction in spending between 2007 and 2010: a whopping 9.5% or $1,127,400,000
A general rule of thumb for both liberal and conservative administrations is to claim that they may reasonably increase spending every year at a rate of 2% to 3% because of inflation and that should not count against them as increased spending. Even if we use the low end of inflation at 2%, Governor Palins budget could have been (without calling it a spending increase): $12,413,374,459.20
Of course, the budget is not $12.4 billion; it is actually $10.57 billion. In other words, she cut spending.
When Governor Palin set out to cut Alaskas dependence on government funds, she was serious!
Check out these numbers:
FFY07- Murkowskis federal requests total: 63 projects @ $349,497,000
In 2008, Governor Palin vetoed more than a quarter billion in superfluous spending:
FFY10- Governor Palins federal requests total: 8 projects @ $69,100,000
That was a gigantic 80% drop in federal requests by the Alaska governors office.
Not only did Governor Palin drop the federal requests for money by 80%, she was also slowly chipping away at these numbers since the beginning of her administration.
FFY2007- Gov. Murkowski 63 projects at $349,497,000
FFY08- Gov. Palin 52 projects at $256,037,000
FFY09- Gov. Palin 31 projects at $195,094,900
FFY10- Gov. Palin: 8 projects @ $69,100,000
Palin left Alaska with an improved credit rating during and following her tenure as governor. Standard & Poors raised Alaskas credit rating from AA to AA+ in April 2008.
Then in 2010, both Moodys and Standard & Poors upgraded Alaska to AAA for the first time in the states history due to policies enacted by Palin that made the states finances more than solvent.
During Sarah Palins tenure as governor,
Alaska ranked 4th in the nation in GDP growth.
Alaska ranked 4th in the nation in per capita GDP growth.
Per capita GDP grew $5,251 ($2,100 per year) more in Alaska than in the nation.
Alaskas economy grew 2.79% faster per year than the U.S. economy.
Here is what she did with the oil business. In 2006, then Gov. Frank Murkowski, a Republican, proposed changing the state's tax on oil from a gross-revenue to a net-revenue basis. Instead of creaming 10% off the top -- which was how the mature oil fields were taxed -- Mr. Murkowski pushed to tax oil companies on their profits only, at a rate of 22.5%. The change in tax regime was meant to encourage investment in and development of new fields.
In effect, the state would become the oil companies' development partner. It would participate in the upside of oil and gas exploration, but only after the companies had recovered the enormous upfront costs of drilling new wells. Mr. Murkowski's plan turned into a disaster. It depended much on trust, but it lacked the transparency and predictability needed to win public confidence. One year after it went into effect, the Petroleum Profits Tax brought in far less revenue than expected and the state suffered a revenue crunch. As a new governor in 2007, Mrs. Palin stepped in to address the fiscal crisis and restore accountability. Working with Democrats and Republicans alike, she chose a 25% profits tax. But in lean years the state reverts to a 10% gross revenue tax on legacy fields that do not require massive continuing inputs of new capital.
Governor Palin's plan was called "Alaska's Clear and Equitable Share" (ACES) which improves incentives for developing new resources. It ensures the state does well in boom times. Palin got Alaskans a extra $1,200 check as a share of the oil bonanza that ensued. It came in addition to the approximately $2,000 every Alaskan received as a dividend from the Permanent Fund, which was established by state constitutional amendment in 1976 as a way of sharing the state's mineral wealth with the people. To this day, a direct share in oil profits for every citizen is the ultimate incentive for more drilling. That's why in Alaska drilling for oil seems almost universally popular, while other states are drill-phobic. Under Palin, The number of oil companies filling taxes with the state of Alaska doubled between 2006 and 2009. This includes a number of independent and foreign oil companies and in addition, natural resources and logging jobs increased 13.7% during Governor Palins tenure according to Alaska Department of Labor and Workforce Development data. In closing, you are a liar.