Word: palin
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...average, three-quarters of the value of a barrel of oil is taken by the state government before that oil is permitted to leave the state. Alaska residents each get a yearly check for about $2,000 from oil revenues, plus an additional $1,200 pushed through by Palin last year to take advantage of rising oil prices. Any sympathy the governor of Alaska expresses for folks in the lower 48 who are suffering from high gas prices or can't afford to heat their homes is strictly crocodile tears...
...View photos of Sarah Palin here...
...Under the state constitution, the governor of Alaska has unusually strong powers to shape the state budget. At the Republican National Convention, Palin bragged that she had vetoed "nearly $500 million" in state spending during her two years as governor. This amounts to less than 2% of the proposed budget. That's how much this warrior for you (the people) against it (the government) could find in wasteful spending under her control...
...Although Palin's words side with McCain in this dispute, her actions side with Obama. Her major legislative accomplishment has been to revamp Alaska's windfall-profits tax in order to increase the state's take. Alaska calls it a "clear and equitable share" tax. The state assumes that extracting oil from the tundra costs about $25 per bbl. and takes as much as 75% of the difference between that and the sale price...
...lower 48, there are fewer down here, per capita, than in Alaska. And there are many more journalists and pollsters and city dwellers and other undesirables who might benefit if every American had the same right to leech off the government as do the good citizens of Sarah Palin's Alaska...