Once the Permanent Fund is "breached",  you can 'kiss it goodbye'.....  It's like the little kid who gets caught with his hand in the cookie jar......(he knows it is there, and will continue to stick his fingers into it, until there are not any 'cookies' left....)  
"We need money for this, we need more money for that."  They will have a hay day, and it won't be at all pretty.................