Texas should adopt the defined contribution reform plan that offers state and local government workers the choice of a defined contribution retirement plan in place of their current defined benefit plans. Such a plan offers great advantages for both workers and taxpayers. Over the past 20 years, private sector employers have shifted sharply towards “defined contribution” pension programs. The number of private sector employees in such plans soared from 11 million in 1975 to 43 million in 1995, an increase of about 300%.
Expanding government healthcare won’t help rural America
Pushing Medicaid expansion and Obamacare may be in vogue, but just because they’re trendy doesn’t mean expanding these programs is sound policy. Mississippi snagged headlines recently when its state House passed a Medicaid expansion bill. Members of both the Left and the Right lauded the move, while states such as Texas have drawn harsh criticism for resisting expanding the program. In...