State budget cuts of $1 billion or a reduction of 10,000 State positions  would reduce the deficit by on average $80,000/$100,000 per job.  
Reducing the deficit by reallocating Permanent Fund Dividend payments to pay for state government means the State protects these high paying jobs at the expense of individual Alaskans.  This causes a negative multiplier impact to the private sector. Less disposable income and spending,   loss of jobs in the private sector, increased cost of living, lower standard of living.  Damage to retail, service, families, self employed, independent contractors, small business.   Devastation to each and every individual Alaskan.