Bloomberg by Ramsey Al-Rikabi. Alyeska Pipeline Service Co., operator of the 800-mile Trans-Alaska crude system, will close for work (today), the first of as many as five shutdowns scheduled until Aug. 5.
Author’s note: Intergenerational inequity is a fancy term for spending money we don’t have and letting our kids pay our debt, with interest. Politicians love this form of theft by a voting generation from the young, unaware non-voting generation. It is part of the fundamental problem Alaska has as it spends imprudently when elected leaders all know the pipeline is 2/3 empty and on its last legs. Some will say, “Well, look at all the money we’re saving. No we’re not. We are not paying down the huge public employee retirement deficiency of approximately $15 billion and our bloated, entitlement spending rips ahead as if everything were normal. Then, there are the $15 trillions of Federal debt. Parents who do this to their kids should be locked into stocks in Town Square. But those responsible will instead retire with financial rewards as fewer and fewer employed persons work harder and harder to pay off the indenture placed upon their necks like an ox yoke. Rise up, children, whether you can vote or not, and begin to tell your parents and elected leaders, “Don’t buy your generation services and stuff that I have to pay for! I am not your indentured servant! America’s founders fought for freedom from ‘taxation without representation’. They won that fight. Why do you want to make us kids pay the price to win that victory all over again?” -dh
Maybe our kids, looking forward to no viable economy in Alaska, should confront elected officials and also begin picketing the ‘enemy within’, NGO’s that are doing everything possible to subvert the natural resource development basis of Alaska’s constitution. Then, there’s this. Scroll down for similar news in recent days’ reports. -dh
THREE CHEERS FOR CHAIRMAN DOC HASTINGS!
Yesterday the U.S. House of Representatives passed a mineral production and Indian land energy bill. “By streamlining government bureaucracies, we can boost American production of critical minerals such as rare earths that China has nearly one hundred percent control over. These critical minerals are vital for manufacturing everything from cell phones to hybrid vehicles.” said Natural Resources Committee Chairman Doc Hastings (NGP Photo). “Indian lands are unfortunately home to some of America’s highest unemployment rates, yet they also contain the greatest job creation potential through energy development. Due to restrictive and cumbersome federal regulations, many tribes have been unable to harness their own energy resources. The Native American Energy Act allows tribes more control over their land by streamlining government barriers to energy production.”