WSJ editorial board extols Raimondo for ‘Rhode Island Miracle’

Treasurer Gina Raimondo’s trip to New York City this week yielded more than just an award from the Manhattan Institute.

The Wall Street Journal’s influential editorial page – which already lavished praise on the new pension law the day after Thanksgiving – ballyhoos the effort once again in Friday’s paper with a piece entitled “Rhode Island Miracle Explained.” The subhed says, “How a liberal state reformed its pensions.”

Here’s a taste:

Good news in politics is rare these days, but an event that qualifies is the liberal state of Rhode Island’s recent landmark pension reform. Gina Raimondo, the state treasurer who led the effort, visited the Manhattan Institute yesterday to explain the miracle, and it turns out she didn’t need heavenly powers, only political nerve and good judgment. …

Ms. Raimondo said those solutions had to be discussed openly. Rhode Island’s reform process was so transparent that even when a draft bill to implement the changes leaked to the press before its formal introduction, it was essentially a nonstory because the reforms had already been discussed publicly.

And voila, real change and hope. We recommend a multistate road show for Ms. Raimondo, starting with New York, California and Illinois.

You can read the whole editorial here.

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