(Charleston, South Carolina) “Today I ask all South Carolinians to stand with State Treasurer Curtis Loftis, who has once again been subjected to political attacks as he tries to do the job the people of South Carolina elected him to do. Treasurer Loftis has, from his first day in office, demonstrated the principles of hard work and good governance. He has demonstrated rare political courage in his efforts to bring transparency and accountability to state government.
“As a result of his efforts, the S.C. Retirement System Investment Commission, of which the treasurer is a member, voted to censure him. I join with Governor Haley in condemning the childish actions of the Investment Commission.
“If the poor performance of our investment funds were not enough, the actions of the Investment Commission today indicate a clear disrespect for taxpayers of the state and Treasurer Loftis. As the only elected member of the Investment Commission, Treasurer Loftis is executing his fiduciary duties to the people of South Carolina.
“We need less government not more. We need more transparency and accountability not less. The Treasurer should be commended not censured and I so commend him.”
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