Category Archives: Immediate Reactions

This week (May 9, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I discuss the deepening Alaska recession, how both bodies of the Alaska legislature are proposing to make it even worse, and we break down the numbers of how much cash the state has this year to pay its bills and what happens if the Governor and Legislature don’t agree on a “permanent” fiscal plan (spoiler alert, we are fine). For those interested, the spreadsheet we use to walk through the numbers is available here: goo.gl/16sXnm

We have started publishing our weekly discussions both on YouTube and Soundcloud. Listen at the widget above for this week’s show on YouTube.  For those interested, our YouTube page is here.

Listen here for this week’s show on Soundcloud. For past episodes on Soundcloud, go here.

This week (May 2, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I discuss the current status of each #AKleg body’s fiscal plan, where that process is headed, the surprising and strong resurgence of #AKoil in the midst of that & what that should mean to the #AKfiscal debate (but hasn’t yet).

We have started publishing our weekly discussions both on YouTube and Soundcloud. Listen at the widget above for this week’s show on YouTube.  For those interested, our YouTube page is here.

Listen here for this week’s show on Soundcloud. For past episodes on Soundcloud, go here.

This week (April 25, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I discuss why those fighting an income tax but supporting PFD cuts are being hypocritical, the significance of a new analysis from the Institute of Taxation and Economic Policy (“Comparing the Distributional Impact of Revenue Options in Alaska”), and our quick views on the Senate’s rewrite of the House’s oil tax change.

We have started publishing our weekly discussions both on YouTube and Soundcloud. Listen at the widget above for this week’s show on YouTube.  For those interested, our YouTube page is here.

Listen here for this week’s show on Soundcloud. For past episodes on Soundcloud, go here.

Our response to Senator Kelly …

Earlier this week the Alaska Senate Majority started running a social media ad featuring a video of Senate President Pete Kelly advocating for the Senate’s proposed fiscal plan.  The Senate’s plan relies solely on PFD cuts to raise “new revenue.”

The purpose of the ad is to compare the Senate’s plan against the House plan, which relies on a combination of PFD cuts and an income tax to raise “new revenue.”  The ad focuses on the income tax portion and argues both that it is unnecessary and adversely affects “working Alaskans.”  The Senate’s ad is available here.

As readers of these pages will know, we oppose PFD cuts as part of a proposed “fiscal solution.”  Based on various analyses published last year and this by the Institute of Social and Economic Research, we have come to believe that cutting the PFD is the worst step to take from the perspective of the overall Alaska economy and working Alaska families.  It reduces overall Alaska income more than any other fiscal option, reduces both income and jobs more than any other “new revenue” option, increases poverty levels and income disparity more than any other fiscal option and as ISER concluded in an additonal analysis earlier this year:

A cut in PFDs would be by far the costliest measure for Alaska families.

As a result, after thinking about the Senate Majority’s ad, we put together our response.  Readers can play it at the video above, or on YouTube, here.

This week (April 11, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I discuss why the House passage of HB 111 (the oil tax bill) is the right thing to do at the moment, and why Sen. Natasha Von Imhof’s recent piece in the ADN defending the Senate’s version of a fiscal solution (“Better a temporary deficit than an income tax,” goo.gl/pkjOAL) is wrong.

We have started publishing our weekly discussions both on YouTube and Soundcloud. Listen at the widget above for this week’s show on YouTube.  For those interested, our YouTube page is here.

Listen here for this week’s show on Soundcloud. For past episodes on Soundcloud, go here.

Our discussion on fiscal policy (and a few other things) on KFAR’s “Problem Corner” …

Last Monday (April 3, 2017) I joined host David Pruhs on Fairbanks radio station KFAR 660 AM‘s regular program “Problem Corner.”

We were on an hour, and after opening with what had brought me to Fairbanks and a bit of my background (“how long have you been in Alaska and what brought you here”), we launched right in to a discussion of Alaska’s fiscal situation, my views on what the solution should be and why maintaining the PFD at 50% of earnings as originally envisioned by Governor Hammond is a critically important piece of that.

A YouTube version of the discussion is at the link above.  For those who prefer listening on SoundCloud, a link to the discussion on that format is here.

#KeepThePFD 3

This is the third piece in our a radio and social media campaign focused on urging legislators to retain the Alaska Permanent Fund Dividend as it currently is. The first two are here and here.

This piece is introduced in our social media campaign this way:

Economists tell us depositing the PFD directly into the pockets of Alaskans produces more Alaska income than if redirected to and spent by government. Simply put, we Alaskans produce more income — generate more money in the economy — if WE spend the money rather than government.

Alaska already is in a recession, if you agree with us that taking even more money out of the Alaska economy during these uncertain times through a PFD cut is the wrong step for Alaska, contact your legislator by email, text, by posting on Facebook or Twitter with one simple message — tell them you want them to KEEP THE PFD AS IT IS (a sample email and contact information for members of the legislature is available here: https://goo.gl/BT2BAz). Then, repost this video so that your friends do the same. For continuing updates and commentary on Alaska’s fiscal situation, like, follow and engage with us at Alaskans for Sustainable Budgets. #KeepThePFD

As we have discussed often on these pages, we believe retaining the PFD as it is, is an important part of developing a long term, sustainable Alaska budget and overall economy.  If you agree, please support the effort in the ways we describe in our social media post above.

We’ll take this …

2017-04-06Yesterday we received word that that the news aggregator “Feedspot” has included this blog in its listing of the global “Top 60 Oil and Gas Blogs and Websites.”  We are listed at No. 44 and the only one listed whose specific focus is on Alaska.

According to Feedspot, the ranking is based on: (1) Google reputation and Google search ranking, (2) influence and popularity on Facebook, twitter and other social media sites, (3) quality and consistency of posts, and (4) Feedspot’s editorial team and expert review.

If nothing else we appreciate the ranking because it has enabled us to identify some additional blogs focused on similar issues that we hadn’t been aware of before.  Readers can check out the full list, and perhaps similarly decide to follow a few more, here.

Chris Story & I discuss an income tax …

Yesterday, Chris Story invited me to join him on his Homer-based “Alaska Matters Radio” program to discuss the proposal by some (including his home town State Representative, Paul Seaton) to institute an Alaska state income tax.  Chris’ interest was triggered by a recent piece I did on our Medium blog:  Reason № 3 behind why the Alaska economy is in a recession and potentially, about to get worse …“.

On our way to that topic we also managed to work in a discussion about the current status of the Alaska economy, the effect on that of the PFD cut made last year by Governor Walker and proposed to be made permanent by the Governor and others in the legislature, former Governor Jay Hammond’s approach to the use of earnings from the Permanent Fund and my recent meeting with Governor Walker to discuss my approach to addressing Alaska’s current fiscal situation.  A podcast of the discussion is available above or here.

This week (April 4, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I discuss why I would be a no vote on the Alaska Senate Majority’s proposed Operating Budget, their claim and others that they “already” have reduced state spending by “44%,” why Nat Herz has it right in a recent ADN piece (“With 2 weeks left in session, Alaska House and Senate look as deadlocked as Day 1“), and what that means on where the #AKLeg goes from here. The clip starts at my segment.

Listen here or at the widget below for this week’s show. For past episodes, go here.