Time to clean house
To the editor:
I’m not sure which is the bigger disaster for our nation, the planned destruction of the financial assets of America’s middle class by the privately owned federal reserve system (it’s as federal as Federal Express) or the total ignorance and incompetence of our own elected officials? The end result of not enough decent intelligent people becoming involved in local politics is the “CCC” the Cape Coral Catastrophe.
Our elected government officials and overpaid bureaucrats negotiated an outrageous pension contract where the monthly retirement check of city employees remains the same until they die except for an increase for inflation. Because of this (forever) contract the taxpayers of Cape Coral are on the hook for an additional $1.1 million dollars in 2010 and that’s just the beginning.
Example: The combined financial loss to Cape Coral pension fund the last two years is $66,600,000. That is $66.6 million, a rather ominous figure facing the future of Cape Coral taxpayers. The 26 percent decline of the city-managed pension fund with no end in sight shows gross ineptitude. I call for the immediate firing of Finance Director Mark Mason and City Manager Terry Stewart. Ignorance and short-sightedness are no excuse. Let’s clean house while Cape Coral taxpayers still have something left.
Jon Larsen Shudlick
Cape Coral