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.
Civil strife in Iraq continues and instability may only increase after the January elections. U.S. withdrawal has become an acceptable strategy in Washington, but will it be tenable if violence escalates and Iraq unravels again?
On September 16, Archbishop Desmond Tutu, actor and director Andy Garcia, and entrepreneur William K. Bowes, Jr. were honored at the Independent Institutes A Gala for Liberty. Each honoree received the Alexis de Tocqueville Award in recognition of their contributions to advancing the ideas and ideals of liberty, entrepreneurship, innovation, and peace.
Is it possible that the U.S. governments response to the 9/11 attacks has served al-Qaeda interests? Despite the hype, U.S. law-enforcement officials have found little evidence of serious terrorist activities inside the country, compelling them to escalate their use of prosecution and entrapment to justify their enormous budgets.
An Independent Policy Forum held on 3/7/08. Peter L. Hays, Associate Director of the Eisenhower Center for Space and Defense Studies, and Theresa Hitchens, Director of the Center for Defense Information, discuss the implications that the U.S. takedown of a malfunctioning satellite have for a potential arms race in space.