My appreciation to the Alaska Dispatch News for running the following op-ed piece in both its online and print editions (Tuesday, November 18, p. B4). The piece ran in the online edition under the headline “Governor-elect will have to cut deep to keep Alaska budget sustainable,” and “Walker must cut deep to make budget sustainable” in the print edition.
Sometimes the buzz created by election campaigns tends to mask what is going on in the “real world.” The most recent Alaska election cycle is a good example. While the Walker and Parnell campaigns debated through the fall about whether the state budget should be cut in the next year by 5 percent, 16 percent or something in between, in the real world state revenues have been plummeting to levels that make those numbers seem like artifacts of ancient history. Continue reading