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.
Sr. Fellow Ivan Eland appears on America Tonight with Kate Delaney to talk about government spending out of control. Eland compares the US money supply and spending under George W. Bush and Barack Obama to eating candy and getting a "sugar high" instead of a good balanced diet. British Prime Minister David Cameron has followed the examples of US Presidents Harding, Coolidge, Eisenhower and Clinton and embraced austerity to bring about long term prosperity.
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.