Judith Miller's "San Francisco's Pension Crisis" article in City Journal does a great job detailing the pension-reform issue, which is at the heart of the city's election today. There are competing ballot initiatives (the establishment-backed Prop. C and the more serious reform, Prop. D) and a progressive candidate, Jeff Adachi, who has championed meaningful pension reform. According to polls, D is headed for defeat and even C is a close call. Adachi is unlikely to win. The good news is even crazy San Francisco must grapple with pension reform, but losing doesn't do much to fix things. And even if D wins by some miracle, it only reduces the bleeding. Meanwhile, much of the media are fixated on the ethnic aspect of the race, give the large number of Asian candidates. That's an absurd focus. It's as if it doesn't matter whether the union-beholden interim mayor Ed Lee or the anti-establishment reformer Adachi wins given that they both are of Asian descent. The real issue is the status quo vs. reform regardless of how anyone reports it.
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