On June 17, 2014, Sr. Fellow Lawrence McQuillan spoke at an event for supporters of the Independent Institute. Dr. McQuillan spoke about Californias state pension system, a topic he writes about frequently, including in his forthcoming book California Dreamin: Resolving the Public Pension Crisis.
First he defines the types of pension programs for state employees, he outlined how funding for the programs is not sustainable for the promises made to pension recipients. The state admits to an unfunded liability of $140 billion, but McQuillan says that is actually an underestimate. According to most economists, the true amount of the unfunded liability is $430 billion.
How did this happen? McQuillan explains and offers six solutions to keep the pension systems solvent.
In June 2008 the U.S. Supreme Court handed down a landmark ruling on the Second Amendment individual right to keep and bear arms with its Heller v. District of Columbia decision. Two years later, in June 2010, a second historic decision squeezed through the highest court in the land.
On September 16, Archbishop Desmond Tutu, actor and director Andy Garcia, and entrepreneur William K. Bowes, Jr. were honored at the Independent Institutes A Gala for Liberty. Each honoree received the Alexis de Tocqueville Award in recognition of their contributions to advancing the ideas and ideals of liberty, entrepreneurship, innovation, and peace.
In the 1960s, civil rights victories dealt a blow to racial discrimination, and yet 40 years later many blacks remain left behind. Has affirmative action sabotaged the gains of the civil rights movement? What is the role of personal accountability in improving the standing of minority groups?