The assets of Alaska have been managed successfully since the institution of the Permanent Fund.  Alaska earns and reinvests the earnings and the fund keeps on growing.  Alaska has billions of dollars of savings and billions of dollars of untapped natural resources.  The fiscal problems are a result of the collapse of the price of oil.  Democrats have never wanted to reduce spending.  Democrats have different priorities and are very eager to institute an income tax, sales tax, increased property taxes and are desperate to cap the dividend.  They want to spend what they confiscate and redistribute.  They do not want to invest in the future.