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Where all the money goes
Two sets of books
The government take overof the US economy
This video was originally produced on January 8, 2000 by Walter Burien.
The government, at all levels, is running a very simple financial con game.
If something produces revenue - like bridges, highways, ports, or successful investments etc - that revenue goes into off budget slush funds.
If it costs money, it's charged to the public via taxes.
This is being done at all levels of government - including state, county, city, and school districts.
The total "off budget" funds held by the various governments amount to trillions of dollars.
The real accounting is contained in what's called Comprehensive Annual Financial Reports (CAFR) which are not only not made available to the public, their very existence is never mentioned by the news media.
Why?
Trillions of dollars pays for a lot of corruption.
Every time an elected official stands before you and tells you the government is out of money and they have to raise taxes, he or she is lying through their teeth
The government, at all levels, is running a very simple financial con game.
If something produces revenue - like bridges, highways, ports, or successful investments etc - that revenue goes into off budget slush funds.
If it costs money, it's charged to the public via taxes.
This is being done at all levels of government - including state, county, city, and school districts.
The total "off budget" funds held by the various governments amount to trillions of dollars.
The real accounting is contained in what's called Comprehensive Annual Financial Reports (CAFR) which are not only not made available to the public, their very existence is never mentioned by the news media.
Why?
Trillions of dollars pays for a lot of corruption.
Every time an elected official stands before you and tells you the government is out of money and they have to raise taxes, he or she is lying through their teeth
