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Walter Burien CAFR1 – To download and view several CAFRs and Federal Audit reports on the IRS; Federal Reserve; Bank Derivative / Mortgage Holdings, go here – CAFR1.com Representative David Price gave a Town Hall Meeting at the Cary Town Hall on Tuesday, February 17, 2009. I was able to ask him a question about the Comprehensive Annual Financial Report. Walter Burien has dedicated his life to exposing this slight of hand cash exchange. Please visit his website www.CAFR1.com and do some research on your own local, state and federal CAFRs. My question to Rep. Price – Every year the government proposes a spending budget for the taxes collected from you and me. And every year there is always a budget shortfall, or deficit, which means the government spent more than it collected in taxes. Well, most folks dont know that every government agency, local, state and federal have two sets of books – the budget and the Comprehensive Annual Financial Report. The budget details how the taxes collected from you and me are spent by that government agency. And the Comprehensive Annual Financial Report, or CAFR for short, contains the numbers in the budget as well as ALL other forms of government revenue and expenses. According to the governments own CAFR reports, the government doesnt just make money though tax collection, it also makes billions of dollars though private investments. Why isnt the money from these private investments used to cover the budget deficit and perhaps eventually …
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Jun.30,2010
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