Happy Easter by Sarah Palin

Easter is the celebration of what hope really means. In Jesus’ triumph over death through His Resurrection, we believe that death was defeated and hope became the expectation of eternal life with God.

Hope is the great driving force in many of our lives, and it has been the driving force in our country’s history. America has always had a strong sense that God’s providence is abundant, that no challenge can ever be too great and no enemy too strong. It was this hope that inspired us to carve a nation out of the wilderness, to appreciate opportunities to responsibly utilize nature’s resources, to engineer skyscrapers towering over our gleaming cities, and to fly to the moon.

As a country and as individuals, we can always have true hope to guide us. Our best days remain ahead of us. And working together we will leave this country to our children a better place than we received it from our parents.

On this blessed day let’s remember our Lord’s sacrifice that led to the Resurrection; and from the whole Palin family, have a wonderful Easter!

- Sarah Palin

Commander in Chief’s Appalling Action with Our Troops by Sarah Palin

Yesterday the House passed H.R. 1363, which funds our Department of Defense and our military for the rest of the year at their current levels. It allows for the continuation of current military operations, which is pretty important when you’re fighting three wars. It also funds the government for another week and cuts $12 billion in wasteful spending. So why would the Commander in Chief declare that he will veto this? Why would he play politics at the expense of our troops who are putting everything on the line to protect us? Memo to the President: I doubt the insurgents will stop and wait for a government shutdown to end before resuming actions. You need to fund our troops, sir.

Like me, you might be asking yourself: Why on earth would he threaten to veto funding for the troops? What is his game plan? Basically, he’ll veto military funding because he wants the rest of the government funded too. And by the rest of the government, he means things like Harry Reid’s “Cowboy Poetry.” Essentially, he’s holding military funding hostage to NPR funding. This is a perfect analogy for what is wrong with this entire budget showdown. Our federal government has strayed so far from what is constitutionally mandated that they are blind to the fact that NPR funding is not a constitutional duty. Funding our military at a time of war is!

The House GOP does not want a shut down. They just want legitimate cuts (and I would argue not even enough!). If we can’t agree to cut a billion here and a billion there, we’ll never close this $1.5 trillion deficit.

Let’s look at the numbers. We have a $1.5 trillion deficit this year. We’re paying $200 billion a year on our interest alone. That’s half a billion dollars per day on interest. And our $1.5 trillion deficit means that we’re borrowing $4 billion per day just to keep afloat. So, we pat ourselves on the back if we cut a billion dollars here or a billion there in discretionary spending, as we borrow $4 billion a day and pay half a billion a day in interest. The deficit for the month of February alone was the highest in our history at $223 billion. That’s more than the entire deficit for the year 2007. And there’s no end in sight. We’re not heading towards the iceberg. We’ve already hit it. Now we’re taking on water. We must find a way to get back to harbor to repair our ship of state before it’s too late.

Where is President Obama in all of this? He just doesn’t get it. His 2012 budget was a signal of that. The President’s proposed budget offered higher taxes and higher spending. A budget is supposed to be more than just numbers crunched on a spreadsheet. It’s supposed to be a credible blueprint of a nation’s priorities and direction. The President’s budget was a political document. It was designed not to ruffle any feathers or take any decisive moves to deal with the deficit problem. Instead of cutting spending, he’s moving us in the opposite direction. The non-partisan Congressional Budget Office reported that the White House was not telling the truth when they claimed that their 2012 budget reduces the deficit. It actually increases it. Instead of dealing with the hard realities we face, he just kicked the can down the road. That’s not leadership. That’s politics.

Real leadership means leading by example. It means showing an “all-in” commitment to tackling complex issues and putting in the time and effort to educate the American public. Right now the American people have not been educated about this major challenge we face. Keep in mind that perception often becomes reality, and the perception President Obama has repeatedly given off is that he can’t be bothered to deal with our debt crisis.

This is profoundly unfair to the American people. Throughout our history, we have proven again and again that we are strong enough and wise enough to do the right thing when we are properly informed. We can judge and make the tough choices when we are not spun by the media or the financial class or the political class. We the People can decide – if our leaders level with us honestly.

It’s about time the President step up to the plate and lead responsibly. Our troops who are putting themselves in harm’s way deserve a Commander in Chief who is not AWOL from the debt debate. The American people deserve a president who will take on the tough challenges and understand that funding “Car Talk” is not as crucial as funding our troops at a time of three wars.

2008 seems like such a long time ago, but 2012 is just around the corner. There is a leadership vacuum in the White House right now, but that’s nothing that another good old-fashioned election can’t fix.

- Sarah Palin

NYT, There You Go Again by Sarah Palin

The New York Times just can’t seem to get much of anything right lately. No wonder they’re facing economic and reputation woes. Their article today falsely reporting on my record as governor is full of spin, and I shall call them out on it.

Regardless of the recent political posturing, ACES (Alaska’s Clear and Equitable Share) is a success for all stakeholders who want more domestic energy supplies for our great country. The Alaskan people (who collectively own the natural resources, via our state constitution), the resource producers who bid on the right to develop our oil and gas, and consumers all benefit under ACES. It incentivizes production and development. It works.

Amazingly, to the uninformed (or to those who really don’t want to incentivize oil exploration in America) ACES is spun to sound like an oil windfall profits tax and its progressivity is made to sound excessive. In reality, it was born of a need to have a tax structure that did three things:

1. It could not be created under a cloud of political corruption and self-dealing like the former Alaska administration and legislature’s PPT oil valuation structure. That’s a critical fact that is now frequently overlooked years later. Remember the legislators and oil industry players who went to jail because of bribes leading to votes in favor of the former administration’s PPT, which was unfairly tilted in favor of the resource producers against the resource owners (i.e., the people of Alaska)? Have we conveniently forgotten the fact that a corrupt process brought forth PPT, and I and others set out to change it by cleaning up the corruption?

2. It had to align the interests of Alaskans and the oil producers through exploration and production credits in partnership so that they benefit proportionally from commercialization of Alaska’s sovereign resources. This is very different from a government overtaxing personal or corporate income in which the government has no ownership stake in whatever it is that is being taxed.

3. It had to use a progressivity system that protects the producers from commercial strain when oil prices are low; otherwise the producers would seek development opportunities elsewhere. ACES does incentivize industry, but beware that Big Oil will always do what it does best for its shareholders: it will look out for its bottom line and always claim that it needs even more tax breaks. More power to them for trying, but resource owners deserve A CLEAR and EQUITABLE SHARE (ACES) of the value of their commonly-owned oil and gas.

ACES accomplished all three. The current criticism of this fair valuation makes no real sense. As anarticle at Big Government notes:

“The number of oil companies filing with the Alaska Department of Revenue has doubled indicating that competition has indeed increased. Alaska has the second most business friendly tax set-up — up two spots since the passage of ACES. Additionally, a report from Governor Parnell’s Department of Revenue indicated that 2009 yielded a record high in oil jobs. Even more recently, the newest employment numbers from Alaska show that oil job numbers were higher in January 2011 than in January 2010, indicating that jobs are growing at the seasonal level. Parnell argues that state revenues are in jeopardy, but it is estimated that his proposal would reduce revenues by $100-200 million.” 

Most importantly, Alaska enjoys a $12 billion surplus thanks to ACES and the sound fiscal policies of my administration. It’s kind of amusing to see state legislators claim credit for the surplus when they didn’t vote for ACES and they cried to high heaven when I vetoed their wasteful spending.

Of course, I could have made a lot more friends in Juneau if I had spent the surplus. But I chose to put billions in savings for a rainy day and return a portion to the people of Alaska. (It was their money after all.) I paid down hundreds of millions of dollars into our under-funded pension plans, then set aside another billion to forward fund education. That’s sound fiscal policy. I’m proud of it, and Alaska is stronger today because of it.

Now, if others would like to claim credit for it, fine. As Ronald Reagan used to remind us: “There is no limit to what a man can do or where he can go if he doesn’t mind who gets the credit.”

But let’s not pretend that ACES wasn’t a key factor in the surplus, and let’s not pretend that it hasn’t been a success.

As for AGIA, it’s moving along according to plan.

- Sarah Palin