Scott Walker Wins the Accountants’ Primary

The National Review reports:

Wisconsin governor Scott Walker’s signature legislative achievement, Act 10, was one of the most polarizing and galvanizing pieces of state legislation in recent memory. The law, which severely weakens public-union powers and mandates public-pension sanity, is providing a blueprint for other Republicans around the country. Walker’s public-pension stewardship also demonstrates why he is on the short list of serious presidential contenders. According to a Moody’s report last year, the funding gap for America’s 25 largest public pensions alone is approximately $2 trillion, equivalent to more than half of the entire federal budget. Other estimates that use lower discount-rate assumptions put the total closer to $5 trillion. There is increasing urgency about ways to address dangerously underfunded pensions, from local bankruptcies to federal bailouts to increased taxes. But there is one place where none of that discussion is necessary. That place is Wisconsin.

Just a reminder.