Senior Fellow Lawrence McQuillan, author of California Dreaming is interviewed by Michael Krasny on KQED radios Forum program. McQuillan tells of his plan to resolve the pension crisis in California and other states by switching from the current system to a 401(k) style of retirement plan, as most private sector companies use. This way, McQuillan argues, the public employee retirement system would be portable and transparent while remaining solvent.
Clifford F. Thies, author of The Independent Review article Repudiation in Antebellum Mississippi, is interviewed on National Public Radio’s “All Things Considered” about the state of Mississippi defaulting on its loans in the 1840s. Other states defaulted on loans during this period, but most reconciled with debtors, but not Mississippi. Mississippi repudiated its debts, refusing to pay them.
Senior Fellow Lawrence McQuillan, author of California Dreaming, appears on WSVA in Virginia to talk about the public employee pension crisis facing municipalities across the US. When public pensions are underfunded, there is not enough money to pay promised benefits to retirees. Recent bankruptcy courts have ruled that these pension benefits can be cut in the event of a bankruptcy of a city, county or state. McQuillan has a plan that if enacted, could resolve the crisis within decades, while fulfilling promises made to public workers.
Senior Fellow Lawrence McQuillan, author of California Dreaming, appears on KLIF radio in Dallas to discuss public pension crisis in America. In cities, counties and states across America, the pension funds for public employees are underfunded. Money that should be in the bank to pay promised retirement benefits isn’t there and the taxpayers are losing because of it. Vital services for cities are being cut to pay retirement benefits that were promised by politicians. In California, the politicians who made those promises to increase pension benefits, are no longer in office. McQuillan outlines what must be done to prevent more public bankruptcies.
Senior Fellow Lawrence McQuillan, author of California Dreaming, appears on KCNR radio’s “We the People” show in Redding, CA to discuss the underfunded public pension crisis in the United States. McQuillan talks about not only California’s pension crisis, but other cities and states across the nation. Despite the politicians who make promises based on unrealistic projections, McQuillan has a plan to reform pension systems that polls show, voters approve of. The plan avoids bankruptcy for cities and states and keeps promises made to retirees.
Senior Fellow Lawrence McQuillan, author of "California Dreaming" appears on KVSF radio in Santa Fe, New Mexico. McQuillan explains how cities and states in the US are in danger of bankruptcies due to underfunding public pension funds. A reduction in services is the result in communities across the country because money is being devoured by pension systems, according to McQuillan.
Sr. Fellow Lawrence McQuillan, author of California Dreaming appears on KLZ radio in Denver, CO. Lawrence talks about the public-pension crisis and how states and cities can change their pension contributions to avoid bankruptcy while honoring commitments to employees.
Senior Fellow Lawrence McQuillan, author of California Dreaming appears on Newsmax TV to discuss the financial crisis facing many cities and states in the US: the fact that public-pensions are grossly underfunded and taxpayers can be left holding the bag. McQuillan talks about how to resolve this pending, man-made crisis in America.