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Letter: Slick oil company ads don’t talk about loss from Parnell giveaway

We can’t move education forward with the governor’s four-year string of teacher and educator cuts. He and his party cut schools last year, he’s proposing cutting 200-300 more next year, and we’ve lost over 600 since 2011. That’s blurry vision on education. It flows from an oil giveaway that puts the state into annual $1 billion-$2 billion deficits as far as the eye can see.

Last April, paid administration “experts” downplayed that Parnell’s giveaway would “only” cost over $1 billion in annual lost revenue by 2017. The truth is that the loss will likely be more than $2 billion a year.

Want more about what those slick oil company ads aren’t telling you? 

The state admits under Parnell’s new oil law that production will spiral downwards 45 percent, from 510,000 barrels a day today to 269,000 barrels in 2024.

The damaging education cuts should be reversed, as Democrats propose. And the oil giveaway, which tosses away billions even if companies invest Alaska’s tax breaks in foreign countries, should be scrapped for smart reform that requires Alaska investment. 

— Rep. Les Gara

D- Anchorage



Anchorage