On the flip side if they just continue to run at a deficit for extended periods then they have to cut even more as they will no longer be able to fund what they have. I get that this isn't an ideal situation but it seems like so often whenever anyone wants to cut anything its the end of the world. I mean what would you cut in order to reduce the deficit? Welfare services? Health services? Emergency services? It may n…
Nobody needs a “deeper and penetrating insight into the finances of state of Alaska” to see the problem here. Cutting a stem program should not be on the top of any budget cut proposal. That’s the problem.
Alaska’s Engineering Colleges Prepare to Slash Programs, Lay Off Faculty
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Re: Alaska’s Engineering Colleges Prepare to Slash Programs, Lay Off Faculty
#32Earlier quoted context omitted.
Because most of the benefits of the former are getting concentrated into the hands of educated and urban dwellers. So people want change, but end up stupidly sabotaging. Disclaimer: I am not a Trump supporter.
I don't think that holds water. In the article, these are the urban dwellers being sabotaged.
Re: Alaska’s Engineering Colleges Prepare to Slash Programs, Lay Off Faculty
#33I understand a well off nation ruled by democracy due to distributed table-stakes, and a poor nation ruled by a dictator due to centralized table-stakes, but I've never known a well off nation to intentionally sabotage its own table-stakes in order to surrender to dictatorship. Why is this happening? Who supports it? Why do they think it is necessary?
Re: Alaska’s Engineering Colleges Prepare to Slash Programs, Lay Off Faculty
#34We are entering a new dark ages ruled by the priests of austerity, unable to value anything but short-term money.
But their might be more priesthoods than he thought of.
Re: Alaska’s Engineering Colleges Prepare to Slash Programs, Lay Off Faculty
#35On the flip side if they just continue to run at a deficit for extended periods then they have to cut even more as they will no longer be able to fund what they have. I get that this isn't an ideal situation but it seems like so often whenever anyone wants to cut anything its the end of the world. I mean what would you cut in order to reduce the deficit? Welfare services? Health services? Emergency services? It may n…
Nobody needs a “deeper and penetrating insight into the finances of state of Alaska” to see the problem here. Cutting a stem program should not be on the top of any budget cut proposal. That’s the problem.
Re: Alaska’s Engineering Colleges Prepare to Slash Programs, Lay Off Faculty
#36Earlier quoted context omitted.
If/when oil is done, Alaska will probably depopulate rapidly; they will have much larger problems than needing to raise taxes. The governor is doing this not to fill in gaps in the budget, but to increase the Alaskan dividend all residents get every year. Crazy stuff.
It's very possible that the majority of Alaskans support the governor's plan.
Who, unsurprisingly, aren't that excited about education or higher taxes.
Re: Alaska’s Engineering Colleges Prepare to Slash Programs, Lay Off Faculty
#37Re: Alaska’s Engineering Colleges Prepare to Slash Programs, Lay Off Faculty
#38This is in some ways a preview of why the theory of basic income replacing other government spending (and therefore being fiscally conservative and libertarian) is false. Alaska is redirecting money from universities to basic income (the oil dividend) and it’s considered an outrage. The same thing would happen for any government program.
Not at all, the permanent fund dividend is immensely popular in Alaska. Additionally, it is actually money from the PFD that is used to fund the state government because the last democratic governor was unable to push through tax increases. What Alaska needs is a balanced package of raised taxes and budget controls, what we have is political gridlock and dysfunction.
I agree that we need a balanced package, but we also need to stop paying billions a year in tax credits and incentive to oil companies.
Re: Alaska’s Engineering Colleges Prepare to Slash Programs, Lay Off Faculty
#39We are entering a new dark ages ruled by the priests of austerity, unable to value anything but short-term money.
Re: Alaska’s Engineering Colleges Prepare to Slash Programs, Lay Off Faculty
#40The media focusing on Dunleavy wanting to pay residents what is constitutionally granted is a distraction. Alaska is in dire financial straits. Without severe budget cuts or a way to dramatically increase revenue Alaska will be bankrupted.
For clarity, the Permanent Fund (the investment fund), is constitutionally protected and fed by oil revenue. The Permanent Fund Earnings Fund (that PFD checks are paid from) is not constitutionally protected and is what politicians raided.