Guest Editorial

Once again, Alaska legislators have gaveled back into special session because Gov. Mike Dunleavy wants to show his constituents that he believes in one thing above all else: The largest Permanent Fund dividend in state history.

He’s like a wide-eyed kid in the candy shop, only he’s got a record-setting Permanent Fund balance jingling in his pockets and wants to spend some of it to buy chocolates for everyone in the state. Talk about a dangerous sweet tooth that can only decay the future growth potential of the state’s only savings account.

A long-term plan to pay for schools, the state ferries...