The Power of Independent Thinking

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Posted: Thu. June 25, 2015

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 isn’t 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.

Posted: Wed. June 24, 2015

Senior Fellow Lawrence McQuillan, author of California Dreaming, appears on KCNR radio’s “We the People” show in Redding, CA to discuss the underfunded public pension crisis in the United States. McQuillan talks about not only California’s pension crisis, but other cities and states across the nation. Despite the politicians who make promises based on unrealistic projections, McQuillan has a plan to reform pension systems that polls show, voters approve of. The plan avoids bankruptcy for cities and states and keeps promises made to retirees.

Posted: Thu. June 18, 2015

Senior Fellow John C. Goodman, author of A Better Choice, appears on the Wall Street Journal’s Opinion Live program to discuss how free markets can solve many issues with Obamacare and America’s healthcare system. Goodman talks about which provisions of Obamacare should be changed and which ones should be left alone. Free market principles would level the playing field and give patients the power of choice.

Posted: Thu. June 18, 2015

Sr. Fellow Lawrence McQuillan, author of California Dreaming, appears on the Wall Street Journal’s Opinion Live show to talk about how to right California’s underfunded public pension system. He talks about how California got into the mess and how other states and cities have the same issue.

Posted: Thu. June 18, 2015

Senior Fellow Lawrence McQuillan, author of California Dreaming, appears on WNWS radio in Jackson, Tennessee to discuss the financial crisis growing in a number of cities and states across America: their underfunded public pension systems. The problem threatens cities and states with bankruptcy because the money that should be in the pension funds isn’t available and retirees have been promised benefits. Bankruptcy judges have already ruled that pensions for public employees can be cut to pennies on the dollar. How to we reform the system? McQuillan has a plan to move to 401k-style pensions that will keep the funds solvent and continue to pay benefits promised to retirees. Nationally, state and local governments are in the red, or in deficit $4.7 trillion, which is money that should be in the bank, ready to pay pension benefits.

Posted: Tue. June 16, 2015

Senior Fellow Lawrence McQuillan, author of California Dreaming, appears on WEBY radio in Florida. McQuillan discusses the implications of leaving future generations saddled with debt owed to public employee pension systems. His simple idea is to switch now to a defined contribution plan, similar to a 401-k, rather than a defined benefit plan, such as a pension plan. Private companies long ago did away with defined benefit plans. Across the United States, cities, states and counties have pension plans for public employees that are underfunded. Recent bankruptcies have shown that if the trend continues, judges will cut the payments to retirees in bankruptcy rulings.

Posted: Tue. June 16, 2015

Associate Student Programs Director Mark LaPrairie appears on KLZ radio in Denver to discuss Independent Institute’s Challenge of Liberty Student Seminars. Mark discusses topics including free markets, liberty and economics. Mark will be a senior at Hillsdale College in the fall and was one of the presenters at the seminar.

Posted: Tue. June 16, 2015

Senior Fellow Lawrence McQuillan, author of California Dreaming appears on Radio America’s “Made in America” to discuss the public pension crisis in the US. How did public pension funds become so depleted and why haven’t politicians made good on their promises to fully fund pension systems? The city of Detroit went bankrupt and the judge ruled that pension benefits to current retirees can be cut to pennies on the dollar. McQuillan explains how to fix the system and make good on promises to retirees while keeping future public pension systems solvent.