History is nice - in this case meaningless.  The PF is a State assets.  We need it to fund government.  If you wish to cut budgets and tax, fine.  However, the math does not work.  You need to use the fund unless the intent is to totally destroy the economy of Alaska.  Large budget cuts mean education, public safety and services being diminished.  What companies will a poorer Alaska be attracted to? 
The idea that 40 years of pfd dividends have been a success is wrong.  If we had saved that money the earnings on the pf would totally fund government.  We need to start to understand that the government is not an enemy - its us.  We need to stop handing out money to everyone who do nothing to earn it other than occupying space. Kill the dividend, cut the budget and start taxing.  Just like everyone in America!  Most of all - QUIT WHINING  ABOUT THE DIVIDEND.  ITS GONE.  THE FREE RIDE IS OVER.  ALASKA OWNS THE RESOURCES - NOT YOU.