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THE $ CAFR DECEPTION

THE $ CAFR DECEPTION

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Published by fotogal51
THE $ CAFR DECEPTION: The State Government of California has $100's of billions in liquid investments (assets), which if accessed, could easily pay off all of its debt tomorrow, and would have $100's of billions left over. Three researchers on CAFR's reviewed the 2011 California State CAFR to reveal $600 billion in potential surplus taxpayer assets. Walter Burien, Carl Herman and Clint Richardson agree, if the thousands of local government CAFRs in the state of CA were examined, the totals would be in the trillions of dollars. Government on all levels over the decades has squirreled away massive amounts of money in the collective trillions of dollars. Some from the public call these funds surpluses. In all reality, government in its intent to build these massive investment power-bases created their own designated purpose for these funds, statutes to back up the designation, and did so without in most cases public oversight or in fact in most cases without public knowledge. Read all about it in this downloadable, interactive, emailable magazine.
THE $ CAFR DECEPTION: The State Government of California has $100's of billions in liquid investments (assets), which if accessed, could easily pay off all of its debt tomorrow, and would have $100's of billions left over. Three researchers on CAFR's reviewed the 2011 California State CAFR to reveal $600 billion in potential surplus taxpayer assets. Walter Burien, Carl Herman and Clint Richardson agree, if the thousands of local government CAFRs in the state of CA were examined, the totals would be in the trillions of dollars. Government on all levels over the decades has squirreled away massive amounts of money in the collective trillions of dollars. Some from the public call these funds surpluses. In all reality, government in its intent to build these massive investment power-bases created their own designated purpose for these funds, statutes to back up the designation, and did so without in most cases public oversight or in fact in most cases without public knowledge. Read all about it in this downloadable, interactive, emailable magazine.

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Published by: fotogal51 on Oct 09, 2012
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THE
$CAFR
DECEPTION
 
The State Government of California has $100’s of billions inliquid investments (assets), which if accessed, could easily pay off all of its debt tomorrow, and would have $100’s of billionsleft over.Three researchers on CAFR’s reviewed the 2011 California“State” CAFR to reveal $600 billion in potential surplustaxpayer assets. If the thousands of local governments CAFRsin the state of CA were examined, the totals would be in thetrillions of dollars.
 
 
A note from Walter Burien:
Government on all levels over the decades has squirreled awaymassive amounts of money in the collective trillions of dollars. Somefrom the public call these funds surpluses. In all reality, government inits intent to build these massive investment power-bases created theirown designated purpose for these funds, statutes to back up thedesignation, and did so without in most cases public oversight or in fact in most cases without publicknowledge.If we created a "Buy an island in Polynesia fund", funneled $750,000,000 into it, we would not call it asurplus. Government would call it a fund with a designated purpose and not available. A mid-sizedlocal government could have numerous specialty investment funds with collective totals equalingfifteen-billion-dollars with each fund "designated" for a "specific purpose" and get away with sayingthey do not have $1 surplus. They could even say within a selectively created budget report that theywere operating at a deficit and needed to raise taxes.
Government was NOT supposed to operate at a profit. How did they get around this restriction? ANSWER: If for example a city had a 100-million dollar profit for the year from any of its operations, at a stroke of a penthey create a "liability fund" and poof, there goes the profit re-designated now as a liability.
 It all boils down to a complete: open: and public review of each and every one of these so called"designated" fund balances to see which are "truly" needed if any and which are not. Then truesurpluses will be unveiled and seen by one-and-all in a true light. Many games will be played withinevery local government to maintain their wealth bases established. Expect obfuscation andintentional misdirection, especially when billions of dollars are involved.Also while you are looking, look at the gross income over the years. Most local governments havebeen expanding their gross income each year to obscene levels. Doing so as they misrepresent to thepublic that they are cutting back.
TREASON:
"Treason doth never prosper; what's the reason? For if it prosper, none dare call it treason." Sir John Harrington, 1561-1612
 Walter Burien - CAFR1P. O. Box 2112Saint Johns, AZ 85936Tel. (928) 458-5854
 
Does California on the state level need $600billion of investment funds given our austerity?
Carl Herman Nonpartisan ExaminerMay 31, 2012Most people don’t know this, but Californians have been overtaxed by $600 billiondollars at the state government level. This is documented in California’s ComprehensiveAnnual Financial Report (CAFR). Clint Richardson 
details $577 billion in investments andcash
in this annual public document.  Let’s consider what this means:This public evidence makes Governor Brown’s claim of a ~$16 billion budget deficit with no option than “austerity” a lie.
This is similar if the governor claimed the public checking account didn’t have enoughmoney for our children’s schools while he covered-up a savings account with over 30 times the claimedshortage
. This charge applies to previous administrations and both political parties’ leadership.Clint notes on page 107 of California’s CAFR that the $6 billion annual interest cost and $164 billion in statedebt are also cover-ups when contrasted with taxpayers’ investments. A sharp irony is that many of California’s “investments” are in other government debt securities. This means a net loss to taxpayers as onegroup pays another interest minus the cost of creating and managing the debt.The state of California claims these funds are “designated” and cannot be used for other purposes, andnecessary to fund pensions.
Let’s look at this official claim:
“Designated” lasts only as long as our representatives say; and these are the same people who “designated”austerity for our schools, roads, and and other essential infrastructure. When I last invested the time to slog through the state’s CAFR in 2009, the difference between current employee contributions and pensionpayments in a depressed economy with laid-off employees was $1.8 billion. This means the state claims theyneed 320 times the budget deficit to solve this problem. That is, the state claims they need to overtaxCalifornians 320 times over to pay a bill.Californians do not know about these funds revealed in the CAFR. If they did, would they choose the state’smanagement of austerity while investing in debt and Wall Street’s scraps from corporate dividends? Or wouldthey demand to know their other options?If this $600 billion were returned to California’s 12 million households,each would receive $50,000. Or, if you prefer the money returned per average household income of $50,000 since this sum represents an overtax,each household could receive a proportional amount (if your household earns $150,000/year, you wouldreceive $150,000).

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