Commentary.  We predicted yesterday that lowered credit ratings for Alaska, due to the 49th State's dire fiscal condition, would result in higher interest costs.  We note that, today, Journalist Jeannette Lee Falsey, makes the same point (Link Below). The state's fiscal condition is a direct result of several governors and many legislatures refusing to take austerity steps necessary to balance an unsustainable budget trend.   This trend of declining oil revenue and increased government program spending was clearly anticipated by an extinct watchdog organization, Common Sense for Alaska, and Dr. Scott [...]