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 KFIV radio in Modesto. McQuillan discusses the man-made financial tsunami that is threatening California: the underfunded public employee pension system. The crisis threatens to bankrupt the state unless it reforms its pension system to a 401k-style contribution plan, that is common in the private sector. McQuillans plan will not effect current retirees, but would reform the system over decades to avoid a catastrophe.
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.
Sr. Fellow Lawrence McQuillan, author of California Dreaming, appears on the Wall Street Journals Opinion Live show to talk about how to right Californias underfunded public pension system. He talks about how California got into the mess and how other states and cities have the same issue.
Independent Institute Senior Vice President Mary L. G. Theroux testified on "Childhood Poverty, Government Failures, and the Need for Economic Liberty", before the California State Senate's Budget Subcommittee on Health and Human Services, at the request of State Senator Jeff Stone. The witnesses spoke about California's Maximum Family Grant rule for families on welfare. The rule caps grants and does not increase grant money to mothers on welfare when they have more children. Mary testified about the causes of poverty and of the need for other, non-government options for poor families. She introduced ideas for helping the poor through private resources and organizations, instead of government agencies where families and women often find themselves trapped in a cycle of poverty.