On June 17, 2014, Sr. Fellow Lawrence McQuillan spoke at an event for supporters of the Independent Institute. Dr. McQuillan spoke about Californias state pension system, a topic he writes about frequently, including in his forthcoming book California Dreamin: Resolving the Public Pension Crisis.
First he defines the types of pension programs for state employees, he outlined how funding for the programs is not sustainable for the promises made to pension recipients. The state admits to an unfunded liability of $140 billion, but McQuillan says that is actually an underestimate. According to most economists, the true amount of the unfunded liability is $430 billion.
How did this happen? McQuillan explains and offers six solutions to keep the pension systems solvent.
May 6, 2014
George Washington University, Washington D.C.
"The long wars in Afghanistan and Iraq have sparked renewed debate about foreign policy within both political parties. William Kristol recently said that while Republicans generally agree on domestic policy, the real debate would be on foreign policy. Likewise, in the Democratic party, the more hawkish Clinton wing of the party continues its clash with the more dovish McGovernite wing. To focus on these differences, The George Washington University in Washington, D.C. and The Independent Institute in Oakland, California are hosting a debate among the various foreign policy traditions. Please join us for this necessary and timely debate."
Ivan Eland is the Senior Fellow at the Independent Institute.
Henry R. Nau is the Professor of Political Science and International Affairs at George Washington University.
Michael Lind is co-founder of the New America Foundation.
Senior Fellow Randy T. Simmons, co-editor of Aquanomics, looks at the battles over water in the western United States. Thirsty citizens of growing cities, farmers, factories and environmentalists are in a fight for a natural resource that is priced arbitrarily. Its value is determined not by the free market, but by bureaucrats. Outdated government reclamation projects and water policies have put residents of the Golden State at the mercy of the weather, and of government's mandatory regulations.
In a cold war of words, President Barack Obama told Russian President Vladimir Putin he wouldnt attend a Moscow summit in September. Research Fellow Anthony Gregory compares the two leaders record on human rights and asks why they would even meet in the first place.
Presidential candidate Barack Obama promised to protect government whistle-blowers in an effort to be more transparent. When U.S. Army private Bradley Manning was convicted of espionage, Independent Institute Research Fellow Anthony Gregory said it's time to make a choice.