Oh Dermot, you're digging too deep and bring up too many uncomfortable and inconvenient truths. Many people have convinced themselves the PFD was intended as permanent check going out to Alaskans every year, but the truth you are uncovering is that it was meant as a rainy-day fund for the day when the oil wealth has dried up. This is heresy to many, and you are not going to convince the unconvinceable, even with your facts.