An Unsolvable Math Problem: Public Pensions Are Underfunded By As Much As $8 Trillion

http://www.zerohedge.com/news/2016-08-09/public-pension-ponzi-are-public-pensions-short-8-trillion

The Fed's interest rate policy has driven long-term return expectations for investors lower but pensions are slow to update their assumptions to reflect the current "reality"... when/if they do the consequences will be pretty scary