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.
Ron Paul, the former 12-term Congressman and Presidential candidate, takes a candid look at Americas increasingly dysfunctional political system. Drawing on his 24 years in Congress, he highlights the need to rein in unchecked government power. The author of numerous #1 New York Times bestselling books, Dr. Paul is a leading advocate for individual liberty, privacy, limited constitutional government, low taxes and spending, free markets, restrained foreign policy, and sound money.
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 Outdated government reclamation projects and water policies have put residents of the Golden State at the mercy of the weather, and of government's mandatory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.
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.
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.