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On CUC’s financial woes
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Posted on Jul 21 2005
It’s mind numbing, the pile of excuses now being trumpeted for the dire need to fast-forward privatization of CUC in less than 60-90 days.
Has anyone done an impact assessment of another whopping increase of some 30 percent in monthly utility bills for regular consumers and businesses on top of the newly implemented fuel surcharge?
Is the final answer more hardship for taxpayers all over these isles?
Ironic that while we gain some mileage in Washington to save the apparel industry, we equally boast of the agility to slam its doors shut permanently with plans to raise utilities beyond anyone’s reach.
As difficult as it is to deal with the new fuel surcharge, imagine its domino effects on businesses. This impending cost simply leads all roads to putting up shutters, permanently. There will be less revenue generation across the board, therefore, far less monthly collection to support privatization of the utility agency.
Interesting though that over the last three and-a-half years, this administration failed to listen to advice on this matter (in weekly Cabinet meetings) so it could confidently address and resolve them while it had time on its hands. Interesting, too, how the CUC board failed to take heed of the pile of debts before its eyes. It simply failed to address and resolve them because it was too busy micromanaging the agency as it listens to its half-cocked views in the evening news.
At the eleventh hour (a fully honed paradigm of this administration), taxpayers are again the target and recipient of far egregious hardship as a direct result of negligence and failure by this administration and the recently suspended board of CUC to act on a timely basis.
Obviously, there’s grand acquiescence of mounting debts, looking the other way, ill poised to resolve a mounting issue that now adversely affects governance. The blame game isn’t going to cut it either. Yes sir! Sing it: “I’m working on the railroad.”
Friends, do we deserve living in what is supposedly a paradise turned into a hellish hole by mediocre leadership?
John S. DelRosario, Jr.
As Gonno
