The Biggest Race You Haven't Heard Of
As one of the founders of Democrats for Education Reform, I don't often endorse Republicans, but Harry Wilson warrants it. Here's a recent WSJ article about him and the race for NYS Comptroller:
Forget Andrew Cuomo and Carl Paladino. Let us turn instead to a race that might truly matter in terms of the nation's economic future. It's the most important 2010 election you've never heard of—for comptroller of New York State.
"Comptroller" is the second or third most boring word in the English language. Comptroller: That's the green-eyeshade guy who keeps the books. He's always adding up columns and somehow it all balances. But as everyone now knows, in the public sector the books don't balance. They balloon.
New York, like California and many other once-important states, is sitting on a public- pension debt bomb. If it blows, it will take great swaths of the productive American economy with it for years. Harry Wilson thinks he can defuse the New York bomb.
If Harry Wilson can get the public-pension death spiral under control in New York—and he just might have the professional and intellectual tools to do it—it should be possible to reform pensions in any state.
- OCTOBER 21, 2010