January 26, 2009
90% of Alaska's budget is based on the price of a barrel of oil. Gov. Palin suggested a budget based on oil being $70/barrel. The Energy Department was predicting that oil would be around $50/barrel. State legislators, eager to criticize the governor, complained that the budget would cause a huge deficit.
Imagine their surprise when her actual budget was based on the Energy Department predictions.
Read the whole thing. It's comedy gold.
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