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Alaska might be totally f*cked

imabench
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1/20/2016 1:30:09 AM
Posted: 10 months ago
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
http://www.debate.org...

VP of DDO from Dec 14th 2014 to Jan 1st 2015
MakeSensePeopleDont
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1/20/2016 1:45:53 AM
Posted: 10 months ago
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

Option 3 is always available...fix the destruction caused by Obama foreign policy:

1) The Iran deal which allows them to sell oil internationally
2) Tuck tail and run from the middle east which has led to the sale of illegal oil across the globe.
imabench
Posts: 21,216
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1/20/2016 1:52:08 AM
Posted: 10 months ago
At 1/20/2016 1:45:53 AM, MakeSensePeopleDont wrote:
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

Option 3 is always available...fix the destruction caused by Obama foreign policy:

1) The Iran deal which allows them to sell oil internationally
2) Tuck tail and run from the middle east which has led to the sale of illegal oil across the globe.

living up to your username of not making any sense at all I see.....
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
http://www.debate.org...

VP of DDO from Dec 14th 2014 to Jan 1st 2015
Death23
Posts: 781
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1/20/2016 1:57:58 AM
Posted: 10 months ago
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

The state has the power to tax. They'll be fine.
imabench
Posts: 21,216
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1/20/2016 1:59:39 AM
Posted: 10 months ago
At 1/20/2016 1:57:58 AM, Death23 wrote:
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

The state has the power to tax. They'll be fine.

re-read the highlighted part
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
http://www.debate.org...

VP of DDO from Dec 14th 2014 to Jan 1st 2015
TBR
Posts: 9,991
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1/20/2016 2:01:03 AM
Posted: 10 months ago
At 1/20/2016 1:57:58 AM, Death23 wrote:
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

The state has the power to tax. They'll be fine.

As noted, the population of Alaska is < 1m (700k). It is not going to be easy to get much out of that population base.
Death23
Posts: 781
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1/20/2016 2:31:11 AM
Posted: 10 months ago
At 1/20/2016 1:59:39 AM, imabench wrote:
At 1/20/2016 1:57:58 AM, Death23 wrote:
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

The state has the power to tax. They'll be fine.

re-read the highlighted part

There are more taxes than just income and sales tax. They can tax real property, intangible property, fuels, road tolls, etc.
TBR
Posts: 9,991
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1/20/2016 2:43:30 AM
Posted: 10 months ago
At 1/20/2016 2:31:11 AM, Death23 wrote:
At 1/20/2016 1:59:39 AM, imabench wrote:
At 1/20/2016 1:57:58 AM, Death23 wrote:
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

The state has the power to tax. They'll be fine.

re-read the highlighted part

There are more taxes than just income and sales tax. They can tax real property, intangible property, fuels, road tolls, etc.

The problem is not what types of taxes, its the ability for such a small base to be able to pay that much.

If roughly 65% of the 700k is over 18, under 65, that is only 325k you could expect to get ANY income tax from.

Its 250k households

70k (including non-employer) businesses.

So. Just for kicks, lets call them all equal. That is ~5.5k per.

Good luck
Death23
Posts: 781
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1/20/2016 2:56:14 AM
Posted: 10 months ago
At 1/20/2016 2:43:30 AM, TBR wrote:
At 1/20/2016 2:31:11 AM, Death23 wrote:
At 1/20/2016 1:59:39 AM, imabench wrote:
At 1/20/2016 1:57:58 AM, Death23 wrote:
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

The state has the power to tax. They'll be fine.

re-read the highlighted part

There are more taxes than just income and sales tax. They can tax real property, intangible property, fuels, road tolls, etc.

The problem is not what types of taxes, its the ability for such a small base to be able to pay that much.

If roughly 65% of the 700k is over 18, under 65, that is only 325k you could expect to get ANY income tax from.

Its 250k households

70k (including non-employer) businesses.

So. Just for kicks, lets call them all equal. That is ~5.5k per.

Good luck

I heard the state's sitting on 52 billion dollars "Alaska Permanent Fund". I'm imagining that the state simply could amend its constitution to allow the money to be spent.
TBR
Posts: 9,991
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1/20/2016 2:58:16 AM
Posted: 10 months ago
At 1/20/2016 2:56:14 AM, Death23 wrote:
At 1/20/2016 2:43:30 AM, TBR wrote:
At 1/20/2016 2:31:11 AM, Death23 wrote:
At 1/20/2016 1:59:39 AM, imabench wrote:
At 1/20/2016 1:57:58 AM, Death23 wrote:
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

The state has the power to tax. They'll be fine.

re-read the highlighted part

There are more taxes than just income and sales tax. They can tax real property, intangible property, fuels, road tolls, etc.

The problem is not what types of taxes, its the ability for such a small base to be able to pay that much.

If roughly 65% of the 700k is over 18, under 65, that is only 325k you could expect to get ANY income tax from.

Its 250k households

70k (including non-employer) businesses.

So. Just for kicks, lets call them all equal. That is ~5.5k per.

Good luck

I heard the state's sitting on 52 billion dollars "Alaska Permanent Fund". I'm imagining that the state simply could amend its constitution to allow the money to be spent.

I have no idea what the total is, but that is the most logical solution.
PetersSmith
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1/20/2016 3:29:33 AM
Posted: 10 months ago
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

Option Freedom: Alaska declares independence and nationalizes the oil industry like Mohammad Mosaddegh did with BP. Then when the US attempts to invade they pull a CSA (cotton trade embargo with UK and France) and threaten to cut the world from their precious oil (which is now nationalized). Then the events of 30 Days of Night happen because the enhanced drilling along the Arctic coast (which is like what Russia is doing with Siberia) results in an ancient super-bacteria that turns people into vampire-zombies. The US then invades and annexes Canada (Never Forget 1812) in order to restore order in Alaska. They put down the infection, but recognize Alaska's independence as the US now owns Canada, which is what we wanted all along. The Koreas unite after observing the US-Canada annexation, ISIS becomes Zoroastrian and apologizes to the world, Russia releases the Far Eastern Republic to be annexed by Alaska in exchange for royalties, China turns into the Republic of Taiwan after a national democratic revolution, all nukes are disarmed due to global cooperation, the nations of Africa forms the African Union and officially becomes a country, world hunger ends, a global frost, which ends global warming, is created using the new focus in the Arctic, and cancer is cured after using a modified version of the super-bacteria; all thanks to Alaska declaring independence. Flawless plan that successfully eliminates Alaska's current dire situation.
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Death23
Posts: 781
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1/20/2016 3:41:32 AM
Posted: 10 months ago
At 1/20/2016 2:58:16 AM, TBR wrote:
At 1/20/2016 2:56:14 AM, Death23 wrote:
At 1/20/2016 2:43:30 AM, TBR wrote:
At 1/20/2016 2:31:11 AM, Death23 wrote:
At 1/20/2016 1:59:39 AM, imabench wrote:
At 1/20/2016 1:57:58 AM, Death23 wrote:
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

The state has the power to tax. They'll be fine.

re-read the highlighted part

There are more taxes than just income and sales tax. They can tax real property, intangible property, fuels, road tolls, etc.

The problem is not what types of taxes, its the ability for such a small base to be able to pay that much.

If roughly 65% of the 700k is over 18, under 65, that is only 325k you could expect to get ANY income tax from.

Its 250k households

70k (including non-employer) businesses.

So. Just for kicks, lets call them all equal. That is ~5.5k per.

Good luck

I heard the state's sitting on 52 billion dollars "Alaska Permanent Fund". I'm imagining that the state simply could amend its constitution to allow the money to be spent.

I have no idea what the total is, but that is the most logical solution.

I guess my numbers were slightly wrong. It looks like ~$49.2 billion as of yesterday.

http://www.apfc.org...
imabench
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1/20/2016 4:00:20 AM
Posted: 10 months ago
At 1/20/2016 2:58:16 AM, TBR wrote:

I have no idea what the total is, but that is the most logical solution.

State Democrats dont wanna do it because 1) Taking money from the fund would severely affect how much money the people of Alaska would get on a yearly basis with the fund suddenly drying up, 2) They first would prefer trying to shake down big oil companies to pay more before resorting to shaking down the middle class
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
http://www.debate.org...

VP of DDO from Dec 14th 2014 to Jan 1st 2015
Death23
Posts: 781
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1/20/2016 4:36:09 AM
Posted: 10 months ago
At 1/20/2016 4:00:20 AM, imabench wrote:
At 1/20/2016 2:58:16 AM, TBR wrote:

I have no idea what the total is, but that is the most logical solution.

State Democrats dont wanna do it because 1) Taking money from the fund would severely affect how much money the people of Alaska would get on a yearly basis with the fund suddenly drying up, 2) They first would prefer trying to shake down big oil companies to pay more before resorting to shaking down the middle class

Why do state democrats matter? The republicans have 14/20 senate seats 23/40 and house seats. They can outvote.
MakeSensePeopleDont
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1/20/2016 4:41:44 AM
Posted: 10 months ago
At 1/20/2016 1:52:08 AM, imabench wrote:
At 1/20/2016 1:45:53 AM, MakeSensePeopleDont wrote:
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

Option 3 is always available...fix the destruction caused by Obama foreign policy:

1) The Iran deal which allows them to sell oil internationally
2) Tuck tail and run from the middle east which has led to the sale of illegal oil across the globe.

living up to your username of not making any sense at all I see.....

Do you know why oil prices are so low right now? Tell us what you know
MakeSensePeopleDont
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1/20/2016 4:50:42 AM
Posted: 10 months ago
At 1/20/2016 4:00:20 AM, imabench wrote:
At 1/20/2016 2:58:16 AM, TBR wrote:

I have no idea what the total is, but that is the most logical solution.

State Democrats dont wanna do it because 1) Taking money from the fund would severely affect how much money the people of Alaska would get on a yearly basis with the fund suddenly drying up, 2) They first would prefer trying to shake down big oil companies to pay more before resorting to shaking down the middle class

This won't happen because the oil companies would simply sit on the oil fields, pumping just enough to keep the machinery warm or to stay under any sort of financial milestones. Then, taking money from the tax payers yearly allotment would not work as this is singularly dependent on the income of the oil fields; it's Alaska's way of saying thank you to the residents for allowing the drilling to take place.
RyuuKyuzo
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1/20/2016 4:57:20 AM
Posted: 10 months ago
Is slashing government expenditure in Alaska not on the table?
If you're reading this, you're awesome and you should feel awesome.
MakeSensePeopleDont
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1/20/2016 5:04:04 AM
Posted: 10 months ago
At 1/20/2016 4:57:20 AM, RyuuKyuzo wrote:
Is slashing government expenditure in Alaska not on the table?

Alaska has already dropped $1 billion from spending for fiscal year 2016, but still is spending over $2.5 billion from state savings each fiscal year to balance the budget for the past few fiscal years. This means there is still over $1.5 billion in deficit yearly.
Wylted
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1/20/2016 5:09:12 AM
Posted: 10 months ago
At 1/20/2016 4:57:20 AM, RyuuKyuzo wrote:
Is slashing government expenditure in Alaska not on the table?

Without many black people their to leach off the government, there isn't much subsidies to cut. Even if you look at corporate subsidies, very few Jews are in the state to leach off of the taxes of the working class through corporate subsidies. There isn't much cuts they can make
MakeSensePeopleDont
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1/20/2016 5:19:37 AM
Posted: 10 months ago
At 1/20/2016 5:09:12 AM, Wylted wrote:
At 1/20/2016 4:57:20 AM, RyuuKyuzo wrote:
Is slashing government expenditure in Alaska not on the table?

Without many black people their to leach off the government, there isn't much subsidies to cut. Even if you look at corporate subsidies, very few Jews are in the state to leach off of the taxes of the working class through corporate subsidies. There isn't much cuts they can make

We have a full crowd on hand today, two excited teams and 60 minutes to play DDO's new favorite game showwwww!!! GUESS.....THE.....RACIST!!!!!
RyuuKyuzo
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1/20/2016 5:25:45 AM
Posted: 10 months ago
At 1/20/2016 5:16:28 AM, dylancatlow wrote:
Alaska's small population also means less government expenses, so it's not really relevant.

The expenses aren't relevant?
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Wylted
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1/20/2016 5:27:28 AM
Posted: 10 months ago
At 1/20/2016 5:19:37 AM, MakeSensePeopleDont wrote:
At 1/20/2016 5:09:12 AM, Wylted wrote:
At 1/20/2016 4:57:20 AM, RyuuKyuzo wrote:
Is slashing government expenditure in Alaska not on the table?

Without many black people their to leach off the government, there isn't much subsidies to cut. Even if you look at corporate subsidies, very few Jews are in the state to leach off of the taxes of the working class through corporate subsidies. There isn't much cuts they can make

We have a full crowd on hand today, two excited teams and 60 minutes to play DDO's new favorite game showwwww!!! GUESS.....THE.....RACIST!!!!!

You spund like a "spic" right now. No offense
dylancatlow
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1/20/2016 5:31:38 AM
Posted: 10 months ago
At 1/20/2016 5:25:45 AM, RyuuKyuzo wrote:
At 1/20/2016 5:16:28 AM, dylancatlow wrote:
Alaska's small population also means less government expenses, so it's not really relevant.

The expenses aren't relevant?

I'm referring to this: ", because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is"
MakeSensePeopleDont
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1/20/2016 5:38:00 AM
Posted: 10 months ago
At 1/20/2016 5:27:28 AM, Wylted wrote:
At 1/20/2016 5:19:37 AM, MakeSensePeopleDont wrote:
At 1/20/2016 5:09:12 AM, Wylted wrote:
At 1/20/2016 4:57:20 AM, RyuuKyuzo wrote:
Is slashing government expenditure in Alaska not on the table?

Without many black people their to leach off the government, there isn't much subsidies to cut. Even if you look at corporate subsidies, very few Jews are in the state to leach off of the taxes of the working class through corporate subsidies. There isn't much cuts they can make

We have a full crowd on hand today, two excited teams and 60 minutes to play DDO's new favorite game showwwww!!! GUESS.....THE.....RACIST!!!!!

You spund like a "spic" right now. No offense

Glad you hear the SPUNDS of voices over text...but you've got the wrong race and ethnicity.
Wylted
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1/20/2016 5:39:12 AM
Posted: 10 months ago
At 1/20/2016 5:38:00 AM, MakeSensePeopleDont wrote:
At 1/20/2016 5:27:28 AM, Wylted wrote:
At 1/20/2016 5:19:37 AM, MakeSensePeopleDont wrote:
At 1/20/2016 5:09:12 AM, Wylted wrote:
At 1/20/2016 4:57:20 AM, RyuuKyuzo wrote:
Is slashing government expenditure in Alaska not on the table?

Without many black people their to leach off the government, there isn't much subsidies to cut. Even if you look at corporate subsidies, very few Jews are in the state to leach off of the taxes of the working class through corporate subsidies. There isn't much cuts they can make

We have a full crowd on hand today, two excited teams and 60 minutes to play DDO's new favorite game showwwww!!! GUESS.....THE.....RACIST!!!!!

You spund like a "spic" right now. No offense

Glad you hear the SPUNDS of voices over text...but you've got the wrong race and ethnicity.

No I'm white, which makes me the correct race and eth icity.
imabench
Posts: 21,216
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1/20/2016 5:41:18 AM
Posted: 10 months ago
At 1/20/2016 4:41:44 AM, MakeSensePeopleDont wrote:
At 1/20/2016 1:52:08 AM, imabench wrote:
At 1/20/2016 1:45:53 AM, MakeSensePeopleDont wrote:
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

Option 3 is always available...fix the destruction caused by Obama foreign policy:

1) The Iran deal which allows them to sell oil internationally
2) Tuck tail and run from the middle east which has led to the sale of illegal oil across the globe.

living up to your username of not making any sense at all I see.....

Do you know why oil prices are so low right now? Tell us what you know

The reason oil prices are so low is because the fracking boom that swept through the US about 5 years ago led to the US being able to double crude oil production in as little as 5 years thanks to gigantic deposits of oil unlocked by fracking in Texas and the Dakotas

http://www.vox.com...

The huge increase in supply sent prices down, so Saudi Arabia decided to crank up its own oil production, in the hopes that flooding the market with enough oil would make it so cheap that it would become unprofitable for US fracking companies to keep expanding operations, while economic slowdowns in Europe and China also played a role in lowered demand. American companies though are still hanging in there, which is why the price of oil has remained so low after crashing in September of 2014.

Your claim that its because of the Iran deal, which to this day still havent fully kicked in in terms of oil exports http://www.bloomberg.com... is therefore false and uninformed. The second claim you go on to make though that the US has 'tuck tail and run from the middle east which has led to the sale of illegal oil across the globe' is as asinine as it is retarded..... which is why as your own username suggests, you dont make any sense
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
http://www.debate.org...

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MakeSensePeopleDont
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1/20/2016 5:42:09 AM
Posted: 10 months ago
At 1/20/2016 5:39:12 AM, Wylted wrote:
At 1/20/2016 5:38:00 AM, MakeSensePeopleDont wrote:
At 1/20/2016 5:27:28 AM, Wylted wrote:
At 1/20/2016 5:19:37 AM, MakeSensePeopleDont wrote:
At 1/20/2016 5:09:12 AM, Wylted wrote:
At 1/20/2016 4:57:20 AM, RyuuKyuzo wrote:
Is slashing government expenditure in Alaska not on the table?

Without many black people their to leach off the government, there isn't much subsidies to cut. Even if you look at corporate subsidies, very few Jews are in the state to leach off of the taxes of the working class through corporate subsidies. There isn't much cuts they can make

We have a full crowd on hand today, two excited teams and 60 minutes to play DDO's new favorite game showwwww!!! GUESS.....THE.....RACIST!!!!!

You spund like a "spic" right now. No offense

Glad you hear the SPUNDS of voices over text...but you've got the wrong race and ethnicity.

No I'm white, which makes me the correct race and eth icity.

White isn't an ethnicity; it is barely a weak link to use in describing race.
imabench
Posts: 21,216
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1/20/2016 5:43:40 AM
Posted: 10 months ago
At 1/20/2016 5:31:38 AM, dylancatlow wrote:
At 1/20/2016 5:25:45 AM, RyuuKyuzo wrote:
At 1/20/2016 5:16:28 AM, dylancatlow wrote:
Alaska's small population also means less government expenses, so it's not really relevant.

The expenses aren't relevant?

I'm referring to this: ", because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is"

Expenses dont become irrelevant just because they are small.... As small as Alaska's overall budget is in the first place (I think 7 Billion total), its still only 1/3rd funded which presents a huge problem for the state since it is spending three times what it earns...
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
http://www.debate.org...

VP of DDO from Dec 14th 2014 to Jan 1st 2015
MakeSensePeopleDont
Posts: 1,104
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1/20/2016 6:08:01 AM
Posted: 10 months ago
At 1/20/2016 5:41:18 AM, imabench wrote:
At 1/20/2016 4:41:44 AM, MakeSensePeopleDont wrote:
At 1/20/2016 1:52:08 AM, imabench wrote:
At 1/20/2016 1:45:53 AM, MakeSensePeopleDont wrote:
At 1/20/2016 1:30:09 AM, imabench wrote:
http://www.npr.org...

Long story short, have you heard stories about how low oil prices are really screwing up oil-dependent countries like Russia and Venezuela? Turns out Alaska is in the same boat

The State is facing a $3.5 Billion dollar deficit, which doesnt sound like much, but a $3.5 Billion dollar shortfall for Alaska comes out to over 2/3rds of the entire budget not being funded, entirely because the amount of money the state use to get from expensive oil has completely collapsed in price.

Alaska does NOT have an income tax or a sales tax, one of the only states to have neither, but get this: Even if it implemented BOTH of those, it STILL wouldnt be enough to cover the shortfall, because Alaska has such a low population to begin with that taxing income and sales would only bring in a minuscule amount of money due to how sparsely populated the state is (Hawaii and Maine individually have twice the population that Alaska does)

They do have two options, 1) Borrow money from reserves meant to be paid out to citizens at $2000 each a year, or 2) Try to get oil companies operating in Alaska to cough up more money for allowing them to drill there...... Democrats dont like option 1, Republicans dont like option 2.... If Option 1 is picked, it would only buy the state a certain amount of time before oil prices pick back up, which they might not for years

Hence the conclusion made in the title that Alaska, as we know it, might be totally f*cked

Option 3 is always available...fix the destruction caused by Obama foreign policy:

1) The Iran deal which allows them to sell oil internationally
2) Tuck tail and run from the middle east which has led to the sale of illegal oil across the globe.

living up to your username of not making any sense at all I see.....

Do you know why oil prices are so low right now? Tell us what you know

The reason oil prices are so low is because the fracking boom that swept through the US about 5 years ago led to the US being able to double crude oil production in as little as 5 years thanks to gigantic deposits of oil unlocked by fracking in Texas and the Dakotas

http://www.vox.com...

The huge increase in supply sent prices down, so Saudi Arabia decided to crank up its own oil production, in the hopes that flooding the market with enough oil would make it so cheap that it would become unprofitable for US fracking companies to keep expanding operations, while economic slowdowns in Europe and China also played a role in lowered demand. American companies though are still hanging in there, which is why the price of oil has remained so low after crashing in September of 2014.

Your claim that its because of the Iran deal, which to this day still havent fully kicked in in terms of oil exports http://www.bloomberg.com... is therefore false and uninformed. The second claim you go on to make though that the US has 'tuck tail and run from the middle east which has led to the sale of illegal oil across the globe' is as asinine as it is retarded..... which is why as your own username suggests, you dont make any sense

https://www.eia.gov...
http://www.macrotrends.net...

There are two sites outlining oil prices since 2000. As you can see, they have held pretty steady until 2014. 2014 just so happens to be the year that ISIS took the Iraq oil fields and began flooding the black market with barrels as cheap as $10 a barrel, averaging $35 a barrel, well below market price.

http://www.businessinsider.com...

This tanked the oil stocks which led to U.S. sanctions against Syria allowing this illegal oil to be transported through its nation, the only export route available. This has not worked. In response to this, nations have begun creating sanctions against the purchase of oil from ISIS; the middle eastern nations began lowering cost per barrel of oil and removing subsidies for local purchasers. This still led to a huge stockpile of oil which continues to grow today.

Since the Iran deal came to a close in mid 2015, oil prices have been dropping slowly, as the market anticipates another 500,000 barrels in market per day. Then came the official announcement of Iran being able to sell oil on Sunday which dropped price per barrel below $30.

Uninformed is also the wrong term, the correct term would be ill-informed as I obviously know something about oil and oil prices.