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June 2, 2006 | South Carolina Headlines


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Efficiency, Taxpayer Value at Heart of Santee Cooper Issue
Laird from Simpsonville writes:
5/5/2005 7:44:07 PM
An excellent idea. A side benefit of privatization would be that the company's financials would become public, so the "sweetheart" deals with overpaid management and politically-connected consultants would no longer be secret. (They wouldn't necessarily disappear, of course, but at least we'd know about them.)
[ reply| Previous in thread ]
Joe from Edisto Island writes:
5/5/2005 3:47:13 PM
Privatizing Santee Cooper would be the best thing that could happen.

Instead of selling it outright to a competing utility, they could do an IPO and sell shares of stock.

Liquidate half of the equity for cash on the condition that the funds would pay down or pay off state debt, and put the other half of the shares directly into the retirement fund for state workers.

With the state's debt paid down/off, and with divident income going into the employee's retirement fund, the grubby legislature wouldn't have access to it so they can us it (as James said) to buy more votes.

Of course, this is exactly why it won't work. We, the taxpayers of SC, will be stuck with the burden of high taxes to fund both the state's debt load and the cost of funding the employee retirement accounts.

[ reply| Previous in thread ]
James from Bennettsville writes:
5/5/2005 10:26:26 AM
Tell it like it is governor. As long as the legislature can buy and sell votes with our taxes the government will continue to run amok.How can Santee Cooper decide who deserves to be given what.It is all based on certain personel wishes and political payoffs while a lot of deserving people do without. Personel politics are destroying our nation.
The reason I voted for you was that I thought you were very thrift and politicians cant stand that and some in your own party will undermine you but if you go down I am still proud that I voted for you and still support you.
As long as our state and nation can keep the average worker uneducated and misinformed our state will continue to struggle.
Far to many people in this country think what government wastes is either free or that they are just going to get their share and this attitude will be paid for by our children and grandchildren.
I am ashamed to say it but we have a lot of selfish people in our country that manipulate the masses and throw tax dollars around like it is nothing. There will be a payday someday.
Hang in there and good luck!
[ reply ]

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