ANCHORAGE, Ala., Sept. 10 (UPI) -- Citizens qualified to receive dividends from Alaska's Permanent Fund will receive dividends of more than $1,300 this autumn, state officials said.For increasing the size of the dividend, some of Palin's detractors have ironically branded her a socialist -- which is what many of them are, but the PDS-afflicted aren't shamed by their own hypocrisy.
The Anchorage Daily News reported that even though the $32 billion oil profits savings account lost $2.5 billion in the last fiscal year, the five-year dividend program will temper the effect of the losses for Alaskans.
Last year, Alaskans received the largest dividend checks since the state began its program in 1982. The amount was supplemented by a $1,200 resource rebate, based on the state's oil-tax surplus and initiated by former Gov. Sarah Palin.
Truth is, the 49th state's constitution, which was written before Palin was even born, gives ownership of Alaska's natural resources to the people of the state to share. As governor, Palin was following the constitution.