Originally Posted by CAcop
Exactly my point. His company hedges his bets by having a finanicing company pay them up front. The financing company takes the hit if the government welches. Of course this is not without cost. I am sure it is pased onto the consumer/taxpayer.
Whenever someone has to default on a contract, there are losers.
The problem you seem to have with this concept, is that you think the tax payers should be the losers and not the public employees. In the world of provate companies, the party who is owed money is typically the loser.
When money is gone, someone is going to feel pain. Now it is just a discussion of WHO should feel the pain.