How can Texas reduce expenditures for the new public school employee health program while protecting and improving benefits? The Texas 78th Legislature faces this key question as members confront a $9.9 billion revenue shortfall. The health care program is targeted for legislative cuts. Funded for its first year only, the program was financed by revenues taken from a “one time” source; additional blows were delivered by a sagging state economy and rising insurance costs, estimated in the range of $2.5 billion for the 2004-2005 fiscal year.
Biden’s ‘less is more’ mantra demands sacrifice only from average Americans
The Biden administration can’t escape the blame for higher prices. And that’s why it must try to redirect voters’ anger. JPMorgan Chase CEO Jamie Dimon mentioned “inflation” more than 20 times in his annual report to shareholders, released Monday. And he warned that the Federal Reserve’s response — raising interest rates to cool spending — could...