A post, over at Chas' Compilations, sparked the comment below.
When I attempted to post it as a comment there, Blogger got upset.
Had a conversation with a fella who wanted to replace the current, privately-held utility with a public utility.
I asked him what the difference would mean to either him or to me. He pointed out that he believed the PUD would be able to produce electricity more cheaply, since there wouldn't be a profit motive.
Well, the chickens are coming home to roost, and the states, in my opinion will not be able to use bankruptcy in order to avoid the oncoming financial disaster. So, who will be made to pay? The bondholders or the public employees? Which group is evil, which group is good?