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.
Full Video of The Independent Institutes 2011 25th Anniversary Gala for Liberty held November 15, 2011. Part 1: Introductory Remarks and Tribute to Robert Higgs Part 2: Tribute to Mario Vargas Llosa Part 3: History of The Independent Institute and Fund for the Future Part 4: Tribute to Lech Walesa Part 5: Special Tributes, Sponsors, and Credits
Civil strife in Iraq continues and instability may only increase after the January elections. U.S. withdrawal has become an acceptable strategy in Washington, but will it be tenable if violence escalates and Iraq unravels again?
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.
Is it possible that the U.S. governments response to the 9/11 attacks has served al-Qaeda interests? Despite the hype, U.S. law-enforcement officials have found little evidence of serious terrorist activities inside the country, compelling them to escalate their use of prosecution and entrapment to justify their enormous budgets.
Did the United States test an anti-satellite weapon when it shot down an out-of-control spy satellite earlier this month? Or was it a precautionary measure to protect people on the ground who might have been hit with a fuel tank filled with a poisonous gas?