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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Senior Fellow Alvaro Vargas Llosa, author of Global Crossings, appeared on the nationally syndicated "Common Sense Club" radio program with host Mark Skogerboe. The host claims Alvaro Vargas Llosa's book Global Crossings changed his mind about immigration and rocked his world.
Senior Fellow Alvaro Vargas Llosa, author of Global Crossings, appeared on WLRN radios Tropical Currents show, hosted by Joseph Cooper and Bonnie Berman in Miami, Florida. The author talks about how America has gone from a nation of immigrants, to become skeptical, even critical of receiving others on our shores and borders.