The article and discussion here left me wondering what will happen when some of the public pension funds inevitably start to default on their obligations? Based

The article and discussion here left me wondering what will happen when some of the public pension funds inevitably start to default on their obligations? Based on the amount many states need to invest every year, an amount which they don't have and can't reasonably get via taxes/fees, I think it's only a question of if, not when.