Alaska is facing a fiscal crisis. The state has both cut expenditures and increased revenues in response to the crisis. Thus, two questions:

1. Do you feel the ratio of reductions in expenditures and increases in revenue during the past two years has been correctly balanced, and if not, what should the correct balance have been (in precise numerical terms, please)?

2. For each of the next three years, assuming no significant increase in the price of oil, what (in precise numerical terms, please) should the ratio of reductions in expenditures to increases in revenue be?