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 Radios 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 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.
Senior Fellow Ivan Eland appears on Arise TV to talk about the Greek Governments credit deal with the International Monetary Fund. Eland says the last minute deal with Greeces creditors might prolong the inevitable, that Greece might fall into default on loans. Greece and the EU might be better off if they realize that Greeces economy is failing.
Senior Vice President Mary Theroux is interviewed on radio station KOGO in San Diego to talk about the latest on California's Maximum Family Grant rule for families on welfare. She discusses the underlying reasons why children are born into poverty and the difficulty of breaking the cycle of poverty.