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Thursday, November 20, 2014

Alaskans “Big Dividend”


Alaska's new government may be forced to sign into effect a “Law” that will disburse the “Budget Reserve Fund” of $51-Billion bucks back to “Last Frontier” Alaskans that can claim they were a bonafide resident back in 1976. Wow, which means some 300000 lucky “True Alaskans” will receive a dividend of close to $170-thousand bucks! The new government's transition team insists this was the original intent of the fund, and by distributing back this money to its rightful owners it will end a long standing legal feud, to whom this money belonged too in the first place. The urgency to sign this law and distribute the money is based on the fact the “Reserve” has come under the watchful eye and interest of the legislature, as Alaska's “government funding” today finds a deficit, due decreased oil prices and continued “frivolous” spending - like the $millions$ wasted on appeal of the “Same-Sex Marriage” argument and the building of “Don Young's Bridge to Nowhere”! The fear today with that “Reserve” is this. If the legislature does indeed make a case to raid the “Reserve”, to fund government during this deficit emergency, then it will be a “precedence set” and that “Reserve” will be whittled away to nothing. As “Oil Bucks” decrease with deflating World Oil Prices along with Alaska's giant “Prudhoe Bay” field on the decline, with an increased population it is not allowing the cost of government to decrease, so there comes a burden on public service and makes the case to raid the “Reserve”. But Alaska's population today is double what it was in 76, so many newcomers have not the idea what it was way back when and to the old-timers, there should be no longer a sharing of this “Reserve”. It goes back to the once popular “Longevity Bonus” that was an added benefit to those sticking it out during senior years – yes, money for all the efforts over the long winter years. So the intent is too give it back to the rightful owners, those that were bonafide residents when the “Bush Rat” enacted the “Reserve” into law by securing away this loot, yes a ways and means to keep it away from the legislature. Due legal disputes based on “Residency” back in the late 70's and early 80's, the distribution of the “Reserve” was forgotten about and so was invested and today those investments have allowed the “Reserve” to grow, totaling in the neighborhood of $51-Billion! So call the new government and ask when the checks will be in the mail. But there may come some objections from those that moved to Alaska after 1976, including our newly elected Senator Dan Sullivan. It will be interesting to see where Dan finds himself on this issue. But it will end up in the courts, just like with “Local Hire” issue, when the Zobel Law Family decided to court object Alaska handing out money based on “Years of Residency”, that it was against the law since they were not allowed any “dividend” back then being newcomers to the state - since then Alaska has gone downhill. So to those that were here in 1976, we deserve that “Reserve” and need to stick together to champion this cause. And here is a warning, please Cheechako, “Don't Tread On US” this issue - we deserve it, you don't! Wow, $170000 extra bucks!

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