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Curtis Loftis: Stop The Witch Hunt
“It’s time for the Senate to drop this sideshow and focus on the real work of governing.”
“It’s time for the Senate to drop this sideshow and focus on the real work of governing.”
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Peasants: We have found a witch! (A witch! a witch!)
Burn her burn her!
Peasant 1: We have found a witch, may we burn her?
(cheers)
Sir Vladimir: How do you known she is a witch?
P2: She looks like one!
Sir Vladimir: Bring her forward
(advance)
Woman: I’m not a witch! I’m not a witch!
Sir Vladimir: ehh… but you are dressed like one.
W: They dressed me up like this!
All: naah no we didn’t… no.
W: And this isn’t my nose, it’s a false one.
(Sir Vladimir lifts up carrot)
Sir Vladimir: Well?
P1: Well we did do the nose
Sir Vladimir: The nose?
P1: …And the hat, but she is a witch!
(all: yeah, burn her burn her!)
Sir Vladimir: Did you dress her up like this?
P1: No! (no no… no) Yes. (yes yeah) a bit (a bit bit a bit) But she has got a wart!
(P3 points at wart)
Sir Vladimir: What makes you think she is a witch?
P2: Well, she turned me into a newt!
Sir Vladimir: A newt?!
(P2 pause & look around)
P2: I got better.
As usual, perhaps always, Treasurer Loftis is correct! The scary thing is, the Legislators who want our Treasurer appointed (by them) rather than elected (by us) only have to do a little to make it reality. That the average voter is an idiot is not lost on them. All they need to do, is get a referendum question on the ballot that would change how State Treasurers get into office from being elected to being appointed. Word it so a “Yes” vote allows it to happen and it will happen. For some reason I will never understand, SC voters feel a compulsion to vote “Yes” on any referendum question put in front of them. They exhibit no hesitation at all when it comes to surrendering their power and/or their rights if they get to vote “Yes” on some stupid referendum question. Need proof? Remember a few years ago when the voters (but not me) voted to further enhance the power of the almighty political parties by taking away our choice to elect a Governor and Lt Governor from different parties? Why? There was nothing wrong with the system as it was. At least once that I recall, we selected a Governor and Lt Governor from different parties because a majority of us believed that was the best outcome.
Mr Loftis has been a blessing to our state as its treasurer. If he gets tired enough of being dicked around by politicians who don’t have one iota of the honesty and integrity that he has, I hope that Mr Loftis will throw his hat in the ring and run for Governor. He would be head, shoulders, and belt, above the cast of idiots currently offering for that position.
Curtis told the Senate Finance Committee that the money was real and that he’d earned $225 million (or more) investing it. It took $3 million of taxpayer dollars to find out that the State’s financial records had been inflated not by $3.5 billion (that’s billion, with a “b”), but by $5.9 billion. Why do we not know more about the pending SEC investigation?
Try to pay attention.
The auditors solution to the issue is to reverse entries made in 2017. This does not change the bank balance.
Again, this does not change the bank balance. Loftis was correct because he invest all cash (the same balance before the fix as after the fix) and the interest calculation was based on the pool’s daily rate.
It is all in the report, which as a finance professional I have read twice.
The real problem is the Comptroller General’s staff. As the report lays out in detail, the senior staff would fail accounting 101.
It is clear that Senator Larry Grooms is trying to influence a federal investigation. I am not too sure that is a good idea. He may have underestimated the application of federal statutes and their penalties.
Grooms would be fetching in an orange jumpsuit, in that flabby, grandfather sort of way.