South
Carolina Treasurer, Curtis Loftis, finds himself in a Columbia, S.C. swamp
fight with South Carolina senators who say they want to remove Loftis from office for “willfully neglected duties” stemming from a $1.8
billion accounting error, which only existed on paper and does not involve actual
money.
The senate and the Columbia swamp are playing political games and trying to ruin a good man, but this is not new. This is a swamp fight that has been going on for nearly a decade. They’ve never liked Loftis. They’ve wanted to oust him since he blew the whistle in 2013 on the mismanagement of the State pension.
Do you remember when the SC Investment Commission cost the state $7billion on bad investments and the swamp in Columbia, then tried to go after Loftis? Palmetto Examiner remembers.
We also remember when Loftis disclosed that the investment commission was paying hundreds of millions per year in hidden fees to their special interest Wall Street friends. The Senate finance committee has been after him since.
They’ll go after anyone that will not bow to them. It’s why they want to take control of the elected office to be able to appoint their own swamp creature.
The office of the treasury belongs to the people of South Carolina. They should always deicide at the ballot box who is in it, not power-hungry power broker swamp creatures in Columbia by appointment.
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