That was quite a contrarian rant. Thanks for posting it. I have a feeling both sides spin this issue for their own purposes. Things like total VC dollars spent

That was quite a contrarian rant. Thanks for posting it. I have a feeling both sides spin this issue for their own purposes. Things like total VC dollars spent take on new meaning once you realize that VCs are trending to invest in much larger companies using much bigger investments. Then the question becomes: where are all the big companies that VCs might invest in located? Which isn't the same question as: where are all the startups located? CEO Magazine voted California the worst state to operate in. California has hundreds of thousands more people leaving than arriving. Numerous politicians from all parties have commented on what a basket-case it is. The two states have the worst credit rating? Illinois and California. Those are also facts. As for me, who knows? Who cares? My gut feeling says that there's a lot spin on both sides. I don't have a dog in this fight, so I'm more than happy no matter how it turns out. I'll just sit back and see what happens. I _do_ know that if the California-will-default crowd is correct, its not like it will be a secret. It will be a long drawn-out affair, will all sorts of accounting tricks, yelling at each other, voter referendums, and budget crises that just continue to get worse. Kind of like we're seeing now.