Investor Presentaiton
Federal spending in Alaska is likely to level off or decline in the future.
Federal spending in Alaska is high for several reasons. The federal government owns
and manages a lot of land in Alaska. There are several large military bases, and military
spending in Alaska increased sharply after 2002 partly because of the Iraq and
Afghanistan wars. And former Alaska Senator Ted Stevens used his political skill and
power as one of the most senior members of the Senate to direct a lot of federal spending
to Alaska. Future federal spending will probably decline because Alaska's congressional
delegation no long has as much power, there a lot of political pressure to cut total federal
spending, and military spending is likely to decline as the US pulls out of Iraq and
Afghanistan. Because federal government spending plays such a big role in Alaska's
economy, a potential leveling off or decline of federal spending is a significant concern.
100%
Federal Spending in Alaska, Defense & Non-Defense: 2002-2010
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Non-
Defense
Defense
Ted StevensView entire presentation