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.
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P.J. O'Rourke, a Member of the Board of Advisors for the Independent Institute, is Americas leading political humorist and the best-selling author of over twenty books. He spoke at an event held on February 13, 2014 at the Independent institute in Oakland, CA.
Mary L. G. Theroux, speaking from experience, explains why the non-profit sector and business do much more to serve those most in need than politicians and bureaucracy can achieve. Talk given on July 24, 2013 in Oakland, CA.
Twenty years ago, Americans witnessed the greatest law enforcement atrocity in modern U.S history. On February 28th, 1993, the ATF raided the Branch Davidian home in Waco, Texas. The stand-off finally ended 51 days later, on April 19th, after the building went up in flames, killing 70 civilians including more than 20 children. Reflections by Independent Institute Research Fellow Anthony Gregory.