[businessprofessor]

It will get much worse for government workers in California and other states. These workers should demand reductions in pension benefits for their retired brethen. The future pension liabilities will crush the state even if everything else is under control.

[SeattleBruce]

From the article: "We get hit twice," she complained during a walk around the state Capitol. "We didn't think it would happen."

With all due respect to these folks personal troubles, do state workers think themselves exempt from the debacle created by the Ds with the self inflicted wound of the housing bubble collapse. The economy will adjust itself to the massive, unnatural actions of our leaders including false bubbles created by ignorant do gooders. Now, I'm all for doing good - but in reasonably proven manners - like charity, Habitat for Humanity, etc., not by manipulating markets (Fannie Mae, Freddi Mac, Congressional Democrats), creating bubbles and then screaming and blaming one man in the Executive branch, when your stupid, hair brained schemes don't work out because of your economic ignorance.

In any case, this resulting debacle, which I place squarely on the doorstep of the Democratic equalization of wealth socialist philosophy, will surely impact government as well as the massive private sector layoffs we've seen so far. ===================

BenLurkin (3) "Looks like it is time for these government workers to request some of their union dues back in the form of relief funds."

What do you suppose the chances of that are?! :)

[Sir Francis Dashwood]

It will get much worse for government workers in California and other states... The future pension liabilities will crush the state even if everything else is under control.

Yep. The other shoe waiting to drop, as far as the economy goes.