I'm pretty sure you have been brainwashed by Walker.  When he says things like we have to use the earnings of the Permanent Fund for government in order to save your PFD, that should have raised some red flags.  

After taking our PFD, Walker suggested we use the permanent fund to buy and sell tax credits to help companies game the system. (See: Walker Administration to ask Permanent Fund to consider investing in tax credits) Why would he enable oil companies to pay us nothing? He is not working for Alaska.  He can't be trusted.

We absolutely could meet our budget needs if we were getting our historical share of oil revenue.  Please read Robin Brena "Alaska's Fair Share of Petroleum Revenue"

"Were the state to have received the same percentage share of gross revenues in 2015 as it received in 2012 (35 percent), the state's petroleum revenues in 2015 would have been $4.8 billion and the state's budget would have been very close to balanced"