The Daily Blog
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    “The U.S. public sector pension system is hurtling toward a catastrophic and potentially unavoidable collapse,” wrote American Interest Blog.  [According to a new report,] even as state and local governments shovel more and more money in, they are falling further and further behind as liabilities balloon exponentially. [A second report concluded that] even a white-hot bull market through 2020 would not be enough to start closing the pension hole. Most likely, unfunded liabilities (already in the trillions of dollars) will surge. And in the case of a stock market collapse, all bets are off."


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