Does California REALLY Have A Budget Problem?

Walter Burien is the pioneer for communicating that government claimed budget deficits are criminal lies of omission when compared with colossal tax surpluses revealed in their  Comprehensive Annual Financial Reports (CAFR).

For example, California Governor Brown claims the state budget deficit of $16 billion requires austerity, when the state CAFR reveals $600 billion in cash and investments. The crime of economic fraud is a state governor with fiduciary responsibility failing to clearly communicate this tax surplus over 35 times the claimed deficit, and to submit this data for independent economic cost-benefit analyses for public consideration of all our options.

When all California local governments’ CAFR surplus accounts are totaled, Californians have been overtaxed by $8 trillion dollars in a sampled study of the ~14,000 government entities.

The criminal fraud expands with Governor Brown vetoing a bill that would document the state’s ability to create at-cost credit through a state bank, and failing to communicate the success of North Dakota’s state-owned bank producing increasing budget surpluses…

http://www.washingtonsblog.com/2012/06/walter-burien-ca-cafrs-show-8-trillion-in-tax-surpluses-what-we-should-do.html

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