California's Unemployment Insurance Debt

Adding to its ongoing pension crisis, California is also now facing an unemployment insurance fiscal crisis as it borrows from the Feds to pay off its current obligations, and will owe them $16 billion for it by 2012.

The backstory with quotes and links back to bad decisions made under former Gov. Grey Davis that will be haunting next-former Gov. Jerry Brown at my California news and politics blog "City of Angles."