Feds Force State & Local Government Insolvency

``Public employees have enjoyed a guaranteed retirement age, and the numbers of boomers reaching retirement age is rapidly increasing. This means financial pressure is also building rapidly, and in order to avoid insolvency, state and local government pension plans must radically increase investment yields. The problem is that current federal policy is to effectively make these higher yields near mathematically impossible for the states to obtain, at least while following conventional strategies. And, as we will cover herein, this is likely to lead to a massive transfer of even more power from the state to the federal level, as states must meet the requirements of federal level politicians in order to avoid insolvency. ''