ARCHIVED AT - http://CAFR1.com/The1Law.html Are You Ready for a Real Change? Here is the 200 Megaton Nuclear Bomb put into the hands of the "intelligent" American Taxpayer. Want to see how Wealth your local government really is and break through the "selective presentation" game? Government has built their internal empires by and through selective presentation and utilizing taxpayer revenue systematically separated from the general purpose operating budgets to build power-bases of standing wealth outside of the "general purpose" operating funds. The general purpose accounting is primarily where tax revenues are brought in and allocated for "general purpose" services government provides. The investment fund financial power bases both domestic and international and government enterprise operations that have been built up over the decades though have been segregated outside of the general purpose operating funds. When carefully looking at a the gross income of a local government's general purpose operating budget (primarily tax revenue) and comparing it to the same large local government's Annual Financial Report known as the CAFR (all revenue income from all sources derived from investment, enterprise, and taxation) tax income is usually about 1/3rd of the gross income. A large local government can be crying "Budget Shortfall' under their selectively presented general purpose operating budget but upon review of the financial wealth power based funds held and "other" income, the same local government upon total and comprehensive review can be clearly in the black by millions if not billions of dollars. There is nothing complicated here. If an individual or a government has established significant fund balances developed over decades, those funds balances are power-bases by investment that makes or breaks many individual fortunes by where those funds are invested. If an individual or a local government thinks they can tag someone else to pay for shortfalls in other areas without tapping into their power-bases of funds under domestic and international investment management they will do so. As is the case for local governments they have been doing so very effectively with ever increasing taxes and debt issues tagging the taxpayer for several decades now. (Like giving a 13-year-old kid Carte blanche to wright his own allowance check the parents get screwed every-single-time. Here we have attorneys elected to every level of government writing the check - Danger Will Robinson, Danger!) So, do you want to see how Wealth your government really is and watch how quickly all of these promoted budget shortfalls disappear? Ever notice how a local government promotes a new project to be funded by taxpayer debt and the population turns it down cold but then that local government finds the money "somewhere" and the project proceeds? Here is what solves that selective presentation predicament for always trying to tap the public first: Immediately make it law in your local government (City; County; State; School District; State University) that; 1. All investment funds domestic and International held or managed by that government or managed for the benefit of that government (enterprise operations and strictly participatory pensions included), of any type or designation must contribute quarterly 35% of their "gross" investment yield (NOT NET) into the general purpose operating funds. 2. All enterprise operations overseen by that local government or any quasi-government operation type overseen by that local government shall contribute quarterly 35% of their "gross" (NOT NET) revenue generated / collected into the general purpose operating funds. 3. Growth of any local government as determined proportionally by all operations directly or overseen by the local government (operating cost; salaries; employee benefits) shall be limited to not exceed 4.5% growth a year. A local government that has exceeded this limitation for the previous five years shall be limited to a 1.5% annual growth rate for at least the five years forward. 4. Surpluses present within the local government's General Purpose operating funds that exceed 25% over the preceding year's projected operating budget shall be returned, with the payments tax exempted, annually to the resident taxpayers of that local government proportionally paid to each based on taxation collected from those same residents "and" businesses living and operating in that local government venue utilizing a five-year average of previous taxation collected from the same. NOTE: If you take the time to look you will see that the same local governments that were crying bankruptcy between the years 2008 and 2011 increase their scope and size by 25% to 35% and if they had been restricted to a 4.5% growth rate most would have had budget surplus come 2011. Additionally, if you take the time to look you will see from the years 1990 to 2012, most local governments increased their scope and size by over 500% (the 300lb tick on the 100lb dog) 5. Any party; association; consultant; manager; elected or appointed government official who intentionally circumvents or attempts to circumvent policy and procedures as specified here will be subject to a 1st degree felony of: Theft by Taking, and will be investigated; indicted; prosecuted; and convicted without limitation for the same. And as always: Keep it Simple! Do not allow your local representatives to stall and play around with the wording above by expansion or limitations. (they will diligently try using any tactic to do so). Foxes do not like clear and imminent accountability for eating chickens from the ranchers coop. The above is applicable for every local government venue, City; County; State; School District; County Community College; and State University. I NOTE: If State universities were held into compliance with the same, student's tuition's would go down to nil and in fact if made retroactive for the last three years the students would get substantial rebates refunded on tuition's previously paid. (These State Universities one and all have massive trust and endowment funds kept separate from their general purpose operating funds) Please post; distribute; publish; twitter; circulate this communication so it is seen in the short run by the majority of the people in those 136,000+ local government operations that are operating in the United States of America. A good name for the Law enacted in you local venues for the above could be: The Public Accountability and Equity Sharing tax relief - bill /statute/ law. Sent FYI and for your action from, Tel. (928) 458-5854
by Walter Burien - CAFR1.com
01/22/12
Walter Burien - CAFR1.com
P. O. Box 2112
Saint Johns, AZ 85936
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Any local government can be restructured to meet their annual budget needs "Without" taxes. TRF (Tax Retirement Funds) providing the revenue source to pay every City, County, State’s general purpose annual budgetary needs!
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-------FOOTER NOTE------
1. A "Budget Report" is a selective funding of x accounts from x resources (set up to be primarily funded with taxation and done so "for the year")
2. An "Annual Financial Report" is the showing of "all" income: Investment; taxation; and Enterprise, plus the "accumulated wealth over decades. Budgets are for the year, an AFR is for it all since creation of the entity.
There is a big difference between the two. A correct analogy would be: The budget to operate your house vs. your statement of net worth.
The public has been played with the biggest shell game of selective presentation there is allowing for massive fortunes to be made by the inside players over the last several decades..
Every investment fund large and small is a power base. Where that money is invested determines what company; real-estate venture, etc., is made or broken. Thus in line with that, never a mention of the 184,000 AFRs of the corresponding local governments..nor the many thousands of specialty investment funds they contain. I note gov pension funds facilitate the same. Paying employee benefits from the return on the funds is an after thought for the government players.
The head communists back in the 30's and 40's said they could take over America without firming a shot. The undercurrents of that statement were that they could depend on the greed and opportunity of the players to accomplish that goal and it did. US Collective government since 2000 brings in more gross income than the entire gross income of the population of the United States.
Taxation is rammed down the public's throat (1/3rd of the gross income) and Investment / Enterprise income (2/3rd of the gross income) the "silence is golden" rule is strictly enforced with the full symbiotic cooperation of the syndicated media; controlled education; and both political parties as applies over the last century.
Here's the other side of that argument...
http://www.zerohedge.com/article/32-states-now-officially-bankrupt-378-b...
Courtesy of Economic Policy Journal we now know that the majority of American states are currently insolvent, and that the US Treasury has been conducting a shadow bailout of at least 32 US states. Over 60% of Americans receiving state unemployment benefits are getting these directly from the US government, as 32 states have now borrowed $37.8 billion from Uncle Sam to fund unemployment insurance. The states in most dire condition, are, not unexpectedly, the unholy trifecta of
Courtesy of Economic Policy Journal we now know that the majority of American states are currently insolvent, and that the US Treasury has been conducting a shadow bailout of at least 32 US states. Over 60% of Americans receiving state unemployment benefits are getting these directly from the US government, as 32 states have now borrowed $37.8 billion from Uncle Sam to fund unemployment insurance. The states in most dire condition, are, not unexpectedly, the unholy trifecta of California ($6.9 billion borrowed), Michigan ($3.9 billion), and New York ($3.2 billion). With this form of shadow bailout occurring, one can only wonder how many other shadow programs are currently in operation to fund states under the table with federal money.The full list of America's 32 insolvent states is below, sorted in order of bankruptedness.
[Figures below are in billions]
California $6,900 Michigan 3,900 New York 3,200 Penn. 3,000 Ohio 2,300 Illinois 2,200 N.C. 2,100 Indiana 1,700 New Jersey 1,700 Florida 1,600 Wisconsin 1,400 Texas 1,000 S.C. 886 Kentucky 795 Missouri 722 Connecticut 498 Minnesota 477 Georgia 416 Nevada 397 Mass. 387 Virginia 346 Arkansas 330 Alabama 283 Colorado 253 R.I. 225 Idaho 202 Maryland 133 Kansas 88 Vermont 33 S.D. 24 Tennessee 21 Virgin Islands 13 Delaware 12
. With this form of shadow bailout occurring, one can only wonder how many other shadow programs are currently in operation to fund states under the table with federal money.The full list of America's 32 insolvent states is below, sorted in order of bankruptedness.
California $6,900
Michigan 3,900 New York 3,200 Penn. 3,000 Ohio 2,300 Illinois 2,200 N.C. 2,100 Indiana 1,700 New Jersey 1,700 Florida 1,600 Wisconsin 1,400 Texas 1,000 S.C. 886 Kentucky 795 Missouri 722 Connecticut 498 Minnesota 477 Georgia 416 Nevada 397 Mass. 387 Virginia 346 Arkansas 330 Alabama 283 Colorado 253 R.I. 225 Idaho 202 Maryland 133 Kansas 88 Vermont 33 S.D. 24 Tennessee 21 Virgin Islands 13 Delaware 12
I sent your post to Walter & this is his response:
Selective presentation is just that. ENRON promoted their profit and hid their debt. Government does the exact oposite: They promote their debt and hide their profit.
As is in California's case, all local governments in the state are sitting on about 13 to 14-trillion of collective investment funds. Just LA County and the local governments in LA county total about 1.8 trillion.
Put the debt and the collective investments side by side and the shell game of selective presentation explodes in on itself.
Post my reply to your friend's post.