As Prop Zero readers know too well, California has big problems. But its state government doesn't face real risk of defaulting on its debts. That hasn't stopped commentators and analysts, in a bid for attention, from raising the prospect of default.
This Ain't Greece, Dudes
By Joe Mathews
Firefighters and residents try to extinguish a fire outside the Mikrochori village, northeast of Athens, Saturday, July 17, 2010. Two large forest fires, the first of the summer season, are burning near Athens, aided by gale force winds up to 40 miles (65 kilometers) per hour. The fire is moving southeast, in the direction of the town of Marathon and the nearby Marathon Lake, which serves as a major reservoir for the Greek capital. (AP Photo/Alkis Konstantinidis)
Thursday, Feb 10, 2011 Updated at 7:40 AM PDT