CAFR follow-up

Follow-up.  (
I entered an additional comment on 07/22/12 to the LA Times article.

The comment was as follows.

Walter Burien – CAFR1

For the full comment section –

WalterBurien at 4:47 AM July 22, 2012

For those who have a sharp mind and the ability for cognitive thinking to learn quickly, a retired federal auditor of 30-years, Gerald Klatt at my prompt in 2000 put up a website to show CAFR reviews that highlighted government surpluses.

From his front page on the left he has listed CAFR reviews of most States. His reviews stop at 2003 being that he died mysteriously in July of 2004. The reviews are valid today being that they are a line-item guide that can be used for 2012.

Gerald points out “true” surpluses and for CA on the State level notes 59.83-billion dollars.

A false misconception has been floating around the Internet that CA on the State level has 600-billion in surplus taxation held. This is NOT true. Yes they have in excess of 600-billion of investments but a truthful independent audit of the same could determine what was true surplus and what was truly needed to fund needed programs / projects.

My estimate is that 30% to 40% is strictly, and would be determined as “Fat Cat Stashes”.

It is very important to note: “This is just on the State level“. Local government operations “in” California (thousands of entities) each have their own holdings separate from the state.

Collectively totals there are in excess of 8-trillion dollars. A complete and “honest” audit there is needed.




About arnierosner

As an American I advocate a republic form of government, self-reliance, and adherence to the basic philosophy of the founding fathers and the founding documents, I ONLY respect those who respect and "HONOR" their honor. No exceptions!
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3 Responses to CAFR follow-up

  1. Pingback: Agenda 21 and related items summary page | Scanned Retina Blog

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