Will California's Crisis Lead to a Bankruptcy Wave?

In this article the author offers suggestions for decision makers in California to avoid bankruptcies due to current crises in the state. He stresses that elected officials needs to work with labor unions to address job and services loss. The author then suggests that state officials should ensure that all options in resolving the dilemma will remain because it is crucial that decision makers should not to lose sight of their role as the steward of the public interest.