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Old April 20th, 2009, 11:59 AM
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Post Cafr

I hope sometime someday Mr. Moyers will talk with Mr. Walter Burien. He shows clearly how governments at all levels are lying about and exaggerating their budgets. He points out that "annual budgets" are only about money in, money out. Holding "off budget" income and asset items whether they are overfunded state, local and federal pensions, investments, stocks, bonds, and other income producing assets. That indeed if an audit was demanded by the public, they would see how the "two book" system enslaves the taxpayer and enriches the banks and politicians that are involved. Take a look instead at the CAFR (Comprehensive Annual Financial Report). It includes not only money collected in taxes, fees and other items but investments, assets, and other items. The true worth of the economy the budget is written for.
He clearly points out that for my state of Illinois in that in 2003 the CAFR clearly showed the state government had oh hand over 17 BILLION. All the time the state crying broke. The politicians involved reaping huge kickbacks from financial institutions that were holding those billions. The banks charging fees, making loans and money off the taxpayer money they held.

While I am woefully inadequate to explain here what is the reality of the federal, state and local, Mr Burien can do a much better job. He is asking the public to demand audit of the federal reserve and all government accounts at all levels. It is time we the people take back our government and throw all the bums out. What is wrong with requiring a politician to sign a contract upon election with a morals clause in it? That upon undeniable evidence of a politicians breach of that clause, he/she will immediately resign.

If you want more information yourself, please go to www.cafr1.com. Get involved, it is your future.
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banking, economy, finance, politics, reform


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