It's helpful, we think, to occasionally put California's state worker issues in a larger context:
1. Take a look at The Arizona Republic's story, ""Union's request to halt state layoffs denied."
While you're there, check out a few of the reader comments. Not much different than what we see on nearly every state worker news story posted on sacbee.com.
2. Public pension consultant Susan Mangiero writes on her Pension Risk Matters blog that,
The stage is set for continued frustration on the part of public employees (many of whom no doubt work quite hard to do a great job) versus Joe and Sally Taxpayer who have less and less disposable income to finance giant IOUs.
Her comments spin off a Forbes.com story, "Gilt-Edged Pensions." The title says it all.
Side note: Forbes has a map that shows estimated funding levels for state pension plans around the country. Click here to view the graphic.