Senior Fellow Lawrence McQuillan, author of California Dreaming appears on KPRL radio in Paso Robles, CA to discuss the public pension crisis in California and other states, cities and counties across the United States. McQuillan explains how California got into the underfunded pension mess and his plan to resolve the crisis. As in the private sector, public pensions would switch to a 401k-style plan where a 10% contribution by the employer would add to contributions by employees.
Senior Fellow Lawrence McQuillan, author of California Dreaming appears on KNWZ radio in Palm Springs, CA to discuss the state of Californias public pension system, and how it came to be in such a mess. The underfunded system threatens taxpayers with the costs of a bailout if something isnt done to resolve it. McQuillan talks about what is needed to reform the public pension systems across America.
Senior Fellow Lawrence McQuillan, author of California Dreaming appears on KUHL radios Andy Caldwell show. McQuillan talks about Californias public pension system and how it is on a road to financial ruin. The states pension payout is gobbling up the states budget and other services are suffering. Politicians often take pension holidays and dont contribute during periods of economic prosperity and the pension funds suffer even more. McQuillans book contains solutions, such as private sector 401k-type retirement plans, which fulfill promises made to retirees and keeps the state solvent.
Hillsdale College Professor of Economics Ivan Pongracic discusses the different motives that exist in the public decision-making process. He utilizes economic analysis to shed light on governmental choices. Presentation given on June 9, 2015 at the University of Colorado, Boulder.
Senior Fellow Lawrence McQuillan, author of California Dreaming appears on KPBS radio in San Diego. McQuillan discusses the public pension system in California and offers a detailed plan on how to fix the underfunded system. His plan would convert public pension systems across the country into defined contribution plans, similar to private 401k-type retirement plans. This would protect taxpayers from bailing out failed public pension systems and also protect current retirees from having bankruptcy courts take away their promised pension benefits. McQuillan also talks about other reform ideas to fix the man-made financial disaster facing many cities and states across the United States.
Independent Institute Acquisitions Director Roy M. Carlisle is interviewed by IBPA Executive Director Angela Bole at the Book Expo Book Convention in New York City. Roy talks about two new books from the Independent Institute: A Better Choice by Senior Fellow John C. Goodman and California Dreaming by Senior Fellow Lawrence McQuillan. Both books were highlighted at the conference and the authors signed copies of the books for attendees. Carlisle is a former board member of the Independent Book Publishers Association and the conversation touches on the Independent Institutes powerful scholarly book program offering solutions to todays public policy issues such as water markets, healthcare and education.
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.