Alaska, Budget Deficit, Fiscal Management discussed on Bob Brinker's Money Talk

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Alaska and the reason is they've uh they've look they're looking at a big budget deficit as you know for many many years they have provided checks in the mail to all alaskan citizens from their oil monies uh and they've given away a huge amount of money to alaskan citizens in connection with this now i don't know why this did not go into an alaska sovereign fund i think that adding additional money to the existing alaska sovereign fund to provide for this kind of a budget shortfall would make a lot of sense rather than coming in with a new tax program after you've sent all these checks out for decades but that's what they're doing i'm sure alaska residents who like their checks in a male disagree with this i'm talking about fiscal management versus fiscal mismanagement to me this is fiscal mismanagement to take the money that you're getting from north slope oil benefits and to send a lot of that money out every year to the citizens of your state when instead of doing that you could put that money add that money to your state your you're sovereign state wealth fund so that when you have budget shortfalls you wouldn't have to go back to the citizens and ask for income taxes and other tax increases the income taxes are only part of the package so what's happened here is the state of alaska has put itself in a position by sending checks in a male for decades to alaskan citizens in connection with the benefits of the north slope oil now they're in a position where uh that oil flow has changed obviously over time and they're looking at really big deficits really big deficits and our money talk we help you to learn how to become your own personal fan financial manager and that's a very big deal because that means you can take charge of your financial future and day away from the shark attacks that are more prevalent today than i've ever seen them we.

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