Sarah Palin on the Economy

• Reduced government spending - "Governor Palin is committed to a budget that controls the growth of government, forces the state to live within its means, and encourages a healthy savings for the state's future. The Governor's budget includes funding to restore the longevity bonus program, a community revenue sharing program and fully funds the education foundation formula. From the moment Governor Palin took office, she directed all state agencies to look for efficiencies and savings. Through a collective effort, the Governor was able to reduce general fund spending in the operating budget alone by over $124 million. The capital budget maximizes federal funding and focuses on the Administration's priorities. The Governor will continue to work with the Legislature to craft a final budget that meets the needs of Alaskans." - Alaska Governor's Office: press release, "100th Day" - March 13, 2007 

• Alaska Savings plan for Education and Transportation - "Keeping her commitment to save for the future, Governor Sarah Palin today announced details of a two-year $7.1 billion savings plan. "We are celebrating a milestone in Alaska's history--an opportunity to save for the future and work toward a more predictable budget," said Governor Palin. The two-year savings plan calls for:
• Investing $2.6 billion in the Education Fund to help fund public education in the future.
• Creating a $1 billion fund whose earnings would be used for future transportation infrastructure.
• Replenishing the Constitutional Budget Reserve with $379 million.
• Investing $250 million in an alternative energy fund. This fund would be used for energy projects recommended by a strategic energy plan, which could include hydroelectric, wind, geothermal, biomass and tidal power.
• Governor Palin also proposes to deposit $2.4 billion from the Permanent Fund earnings reserve to the Permanent Fund principal. - Alaska Governor's Office: Press release 07-233, "Savings" - December 5, 2007

• Advocates free market capitalism - "I am a conservative Republican, a firm believer in free market capitalism. A free market system allows all parties to compete, which ensures the best and most competitive project emerges, and ensures a fair, democratic process.

  I will communicate progress on gasline negotiations to the public. My Administration will pursue the plan that is best for ALL Alaskans. All qualified and viable proposals and applicants will be considered." - Palin-Parnell campaign booklet: New Energy for Alaska - November 3, 2006

• Saving for the future - "I have established an aggressive goal of reducing general fund spending by $150 million dollars. This takes tremendous effort by staff as well as the cooperation of the Legislature. On the savings side, by depositing our one-time surplus of $1.8 billion dollars, we'll build our savings account to nearly $4.3 billion dollars. It's a necessary step to ensure that we can fund essential services tomorrow; and avoid massive "single year" cuts down the road, if and when, faced with tougher times." - State of the State Address - January 17, 2007

• Control government spending - "I got rid of a few things in the governor's office that I didn't believe our citizens should have to pay for. That luxury jet (for personal use by the governor) was over the top. I put it on eBay. I also drive myself to work.

  And I thought we could muddle through without the governor's personal chef--although I've got to admit that sometimes my kids sure miss her. I came to office promising to control spending--by request if possible and by veto if necessary." - Acceptance Speech at the 2008 Republican National Convention - September 3, 2008

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