WSJ editorial board extols Raimondo for ‘Rhode Island Miracle’

January 5th, 2012 at 11:01 pm by under Nesi's Notes, On the Main Site

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.”┬áThe 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.

Tags: , , , ,

2 Responses to “WSJ editorial board extols Raimondo for ‘Rhode Island Miracle’”

  1. YRI says:

    I don’t understand how anyone can think Gina Raimondo is a hero for stealing the pension benefits of retired workers and teachers. The average age of the people she is hurting is probably about 75. Where are American values of fair play? Are the elderly fair game? I’m disgusted and you should be, too. Think about her approach applied to Social Security. She can cause an American miracle — she would just get rid of the cost of living increases. Would you still like it or are only retired state workers and teachers fair game? As far as I’m concerned Raimondo should win a different award — heartless you know what.

  2. OREO says:

    I still don’t see this as a win. If the unions win in court, state loses. If the state wins in court then no union member will have to put into the retirement system anymore (without a contract there’s NO mandate for union members to contribute) the state loses. Good job Ms. Raimondo!!