It is hard to say the reasons for another mans actions.  

The funds should be used to support the needs of Alaska, as a transition to a state funded by lower oil revenues takes place.

The size and scope of the state itself and it's government will be smaller as oil activity and revenue decline.  Currently our state government is massive and still growing.  Unless we think we are going to fall into another Prudhoe Bay, we need to realize that we are not going to continue rapid grow indefinitely. We need to start the transition to lower government spending before we move to using the PFD.  A less wealthy Alaska will result in the end of many of the companies this article is about.  Postponing this day of reckoning is the goal of Walker and his ilk.  If they have there way, they will spend every dime of savings on more activity they can profit from.  However, it would be best if we confront this leaner future today, while our reserves are fresh and powder dry.