[quote=bearishgurl]
I think before pointing the finger at public employees and unions, one would do well to actually examine their list of creditors. As soon as it is available on PACER, I will do so.[/quote]

BG: You raise a fair and valid point (as CAR did as well.) This isn’t a one-sided issue (meaning we cannot lay the blame solely at the feet of the public sector unions.) We also need to evaluate the impact, in terms of lost revenue, of Prop 13 and the “boom and bust” style of budgeting the State of California uses (and the impact becomes glaringly apparent when you juxtapose the revenues present during the run-up to the dot.bomb bust versus those following), as this budgeting is heavily skewed in terms of dependency on the state’s huge earners.

There is plenty of blame to go around. However, we’re also out of time. We need to focus on fixing the problem, versus fixing the blame.