we have a constitutional budget reserve for this reason - to cover deficits.  That's not what the PFD is for. Oil prices are not going to stay at this level indefinitely.
That's no reason to do nothing about the deficit, but it's also no reason to panic.  I understand what walker is doing here, he's challenging the legislature to at least narrow the deficit, which they did not do.

My problem with all of this is neither side has come up with any solutions that don't directly affect the people.

Before we have an income tax statewide, what about an income tax for seasonal out of state workers?

Before we have a statewide sales tax, why do we not have a nonresident sales tax aimed at our 2 million tourists per year that spend 2.5BILLION annually?

Why do we not have a corporate tax for companies that hire out of state work forces?

Why do we give away $600 million to the oil companies instead of charging 50% of the proceeds from OUR oil?

After that, ask me to give up a PFD or pay a tax.