Alaska’s Fiscal Crossroads: Confronting Budget Deficits and Defending Liberty

In this episode of the Must Read Alaska Show, host Ben Carpenter—former legislator and combat veteran—moderates a deep dive into Alaska’s long-standing fiscal challenges with guests Senator Mike Shower and Representative Kevin McCabe. The conversation revolves around the state’s structural budget deficit, the volatility of oil revenues, and the erosion of the original intent behind the Permanent Fund Dividend (PFD). Together, the lawmakers explore the urgent need for a comprehensive fiscal plan, including spending caps, government downsizing, and potential tax reforms. They caution against continued reliance on federal funds and the Permanent Fund, warning that a government unaccountable to its citizens threatens individual liberty. The episode is a candid, sometimes sobering, discussion on the lack of political will and leadership, the influence of public sector unions, and the uphill battle to re-engage Alaskans in the governance of their state.