Before we get into crisis mode on budget cutting, the state administration and legislature must revise our oil and gas credits to further prevent budget deficits. Unless that is done, we will continue to be on a downward budget spiral. If the oil and gas credits are not reduced, the state will have few options to save and find new funds, include decimating the Permanent Fund and all other program funds that are available for appropriation. 

When that happens, no sacred cows will be protected, pie in the sky projects will be subject to complete cuts, including the governor's gas pipeline, the legislative operating budget will be cut to allow for one legislative aid per legislator, the house and senate leadership budget perks will have to be done away with, the administration will have to impose a uncompromising hiring freeze, cut redundant staff in all the state departments, cut the governor's office staff, and adopt an emergency budget that only will provide basic essential services.