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Originally Posted by raycarey this woman is a quitter |
Easy to be a "good leader" espousing the virtues of her policies on fiscal responsibility whilst riding the revenue rewards of high oil prices.
Seems things have changed for Sarah. Alaska is in trouble. When the going gets tough the tough just say, No mas!!
"With oil revenues accounting for nearly 90 percent of state general revenue, the new oil price forecast translates to a significant drop in money expected to flow into the treasury.
The budget deficit that was expected in December to amass to $450 million by the end of the fiscal year is now expected to be $1.2 billion more than that, Department of Revenue officials said.
In a statement, Gov. Sarah Palin said she plans $286.6 million in spending reductions in response to the drop in the price of oil but that legislators will probably have to authorize the spending of well over $1 billion in savings to make the current year's budget balance."
Alaska lowers oil price forecast, expects deficit | Reuters