1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Comprehensive Annual Financial Reports

Discussion in 'Political Debate & Discussion' started by poncho, Dec 9, 2012.

Top Posters
  1. poncho

    poncho Well-Known Member

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    Government's Best Kept Financial Secret

    ​
    Dear friends,

    The Comprehensive Annual Financial Report (CAFR) is a very little known, yet detailed presentation of a US governmental entity's financial condition. The CAFR is also one of government's best kept financial secrets, as these reports show that almost all governments have far more money than people would ever suspect. Literally hundreds of billions of dollars are available to governments in investment accounts that are never mentioned to the public, as verified in these publicly available government reports. Read the powerful essay below to find out how we may be in much less fiscal difficulty than you ever imagined.

    With best wishes,

    Fred Burks for PEERS and the WantToKnow.info Team
    Former language interpreter for Presidents Bush and Clinton

    P.S. The article's author, Harvard-trained Carl Herman, is a personal friend and educator whose work I admire.

    CONTINUE . . .
     
    #1 poncho, Dec 9, 2012
    Last edited by a moderator: Dec 9, 2012
  2. saturneptune

    saturneptune New Member

    Joined:
    Jan 16, 2006
    Messages:
    13,977
    Likes Received:
    2
    Thanks for posting. I had never heard of this before, and the article was very eye opening. It would even be worse with the federal government, because even if they did not have the investment accounts, they could just print more money.

    It is not the money that bothers me so much, it is the fact that full disclosure is not made to the taxpayer, the source of the money. Who do these people think they are?
     
    #2 saturneptune, Dec 9, 2012
(You must log in or sign up to post here.)
Loading...