The fiscal year is over and I expect that the unfunded pension obligation to have grown $500 million to $1 billion over the year, and now it totals nearly $8 billion. Even with oil at $70 a barrel and the largest revenue for Alaska in nearly 20 years, it still was not enough to satiate this governor and Legislature. They borrowed money to fund this year's spending spree! My guess, their borrowing will exceed $1 billion this year.
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In the past four years, Gov. Murkowski has borrowed nearly $5 billion from the pension fund. Gov. Knowles created the unfunded pension problem when he started borrowing from the pension fund in 1996.
I don't know about you, but that is $8 billion coming from someone at sometime. That someone is our children and grandchildren. So when the time comes to cast your vote for governor, senator and representative, remember who mortgaged your kids' future.
Until addressed, the pension obligation will continue to grow. I just hope we the citizens of Alaska wake up before the Alaska Permanent Fund is deposited into the state employee pension plan.
When you vote, be an Alaskan for fiscal responsibility.
Bradley J. Fluetsch
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