Sarah Palin's "Alaskonomics..."
Normally, I don't have much use for Time Magazine, but this time they're right on the money...
Sarah Palin's Alaskonomics
By Michael Kinsley
Sarah Palin thinks she is a better American than you because she comes from a small town, and a superior human being because she isn't a journalist and never lived in Washington and likes to watch her kids play hockey. Although Palin praised John McCain in her acceptance speech as a man who puts the good of his country ahead of partisan politics, McCain pretty much proved the opposite with his selection of a running mate whose main asset is her ability to reignite the culture wars. So maybe Governor Palin does represent everything that is good and fine about America, as she herself maintains. But spare us, please, any talk about how she is a tough fiscal conservative.
Palin has continued to repeat the already exposed lie that she said, "No, thanks," to the famous "bridge to nowhere" (McCain's favorite example of wasteful federal spending). In fact, she said, "Yes, please," until this project became a symbol and political albatross.
Back to reality. Of the 50 states, Alaska ranks No. 1 in taxes per resident and No. 1 in spending per resident. Its tax burden per resident is 21/2 times the national average; its spending, more than double. The trick is that Alaska's government spends money on its own citizens and taxes the rest of us to pay for it. Although Palin, like McCain, talks about liberating ourselves from dependence on foreign oil, there is no evidence that being dependent on Alaskan oil would be any more pleasant to the pocketbook...
20. January 2009: The End of an Error