Senior Fellow Lawrence McQuillan, author of California Dreaming is interviewed on the nationally syndicated Bill Martinez radio show. McQuillan's book outlines a plan to switch public pensions to a 401(k) style plan. This way, public pensions won't threaten to bankrupt cities, counties, and states when they become underfunded.
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 WSVA in Virginia to talk about the public employee pension crisis facing municipalities across the US. When public pensions are underfunded, there is not enough money to pay promised benefits to retirees. Recent bankruptcy courts have ruled that these pension benefits can be cut in the event of a bankruptcy of a city, county or state. McQuillan has a plan that if enacted, could resolve the crisis within decades, while fulfilling promises made to public workers.
Independent Institute Senior Fellow John R. Graham and Washington Examiner managing editor Philip Klein discuss free market healthcare reforms and federal involvement in healthcare in the wake of the Affordable Care Act and the Supreme Courts King v. Burwell decision at the 2015 Western Conservative Summit.
Senior Fellow Lawrence McQuillan, author of California Dreaming, appears on KLIF radio in Dallas to discuss public pension crisis in America. In cities, counties and states across America, the pension funds for public employees are underfunded. Money that should be in the bank to pay promised retirement benefits isnt there and the taxpayers are losing because of it. Vital services for cities are being cut to pay retirement benefits that were promised by politicians. In California, the politicians who made those promises to increase pension benefits, are no longer in office. McQuillan outlines what must be done to prevent more public bankruptcies.