Walter Burien: CA Comprehensive Annual Financial Reports Show $8 Trillion Tax Surplus
Carl Herman, Contributor
Wednesday, June 6, 2012
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 more than 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.
Most Americans are unaware that this is really how the “1%” play the game of power and control. My 18 years’ experience working with both parties’ “leadership” in attempt to end domestic and global poverty proved that they will break every promise (public and private), and lie through corporate media control.