The Lisbon Reporter

WELCOME TO THE LISBON REPORTER. In an effort to keep our community informed of what is going on at local and Federal levels of government, we decided to create this on-line newspaper. It is our hope that this on-line newspaper will help you stay informed so that you can get involved and take action for the benefit of our ENTIRE community. Thank you for visiting and please check back frequently for information about what is happening in LISBON/LISBON FALLS, MAINE USA

Sunday, March 2, 2014

CAFR1 Revisited "09"- Solving State Gov Shortfalls - "Updated 03/02/14"

HOT HOT HOT!!!
CAFR1 NATIONAL POST

The updated article, with TX (archived) links makes this updated article as explosive of an eye opener as it gets per "scope" and "size".

CAFR1 Revisited "09"- Solving State Gov Shortfalls - "Updated 03/02/14"
by Walter Burien - CAFR1.com - 03/02/14

http://CAFR1.com/SolvingShortfalls.html

[ CAFR1 Note 03/02/14 TX pulled the links to the "Detailed" Cash Report shortly after this CAFR1 Article. People were looking - https://fmx.cpa.state.tx.us/fm/pubs/cashrpt/07/html/index.php ]

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CAFR1 Note 03/02/14 - Thank God for: Archive.org the 2002 to 2005 TX State Cash Report, a snap shot was taken and the report can be viewed and "SAVED" from the following links:

TX CASH Report Archives:

2005 Texas Annual Cash Report (PDF 7 MB)

2004 Texas Annual Cash Report (PDF 20 MB)

2003 Texas Annual Cash Report (PDF 13 MB)

2002 Texas Annual Cash Report (PDF 21 MB)

2001 Texas Annual Cash Report

2001 DETAILED LISTING - https://web.archive.org/web/20051029005544/http://www.window.state.tx.us/fm/pubs/cashrpt/01/

If access to the links above are busy, try back again latter. Now known, many will be looking and that will strain Archive.org's bandwidth. Two of the "Detailed" reports I have now archived on the CAFR1 Download directory also at - http://CAFR1.com/STATES/TEXAS/CashReports/Archive/

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A little (much) digging may be necessary to see the same in other states.

I make one very important note here: State funds are strictly "State Funds". All other local governments within the state have their own separate investment funds and fund balances whereby if all local government fund balances were looked at from within a state, the collective totals from local governments from within the state would dwarf the state government's collective totals.

So, we all see how several state governments are playing out their "budget short fall game", now it is up to the people to decide if they are tired of the entertainment presented at their expense of promoted shortfalls and budget deficit soundbites rammed down their throats by a bunch of spoiled, ruthless, yuppies operating from within the halls of government, pockets bloated with hundred dollar bills (with most of the top orchestrator's being attorneys), or shall the people muster to break through and break free from the orchestrated soundbites that are designed to maintain the cash flow and wealth base of others operating from the inside, or must the people force a showing of the collective wealth held by government and then the application of option "E" to solve any immediate fiscal problems standing....

And one very IMPORTANT note; The CA article copied below mentions paying "Proposition 108 bonds", a debt investment instrument. It is VERY important to see who the investors are in that, and all other bond debt standing for all local governments. For decades local governments have been promoting debt at the front door and funding the same debt using their own investment funds through the back door. With them doing so it served a two fold purpose. It locked in an investment for the same local governments to stash their cash, and it allowed for promotion of the debt whereby they could justify by false promotions tax increases to pay the debt, a debt that was in reality a tool used by them to create investment vehicles to funnel their ever growing massive take of revenue (productivity value) from the people.

So the bottom line per debt as disclosed here is: What percentage of any local government's debt is actually funded in a round about way with the same local government's investment funds? Is it 50%, 70%, 80%, or maybe even 100%???? Every taxpayer BETTER and should know the answer to that question.... The Foxes are not going to tell you or make it easy for you to find out.

TWO EXAMPLES OF ROUND ABOUT SELF DEBT FUNDING: 1.] City X has $100,000,000 in bond debt that was funded by (Bank, Insurance, Investment Company) X. The same City X has $100,000,000 invested with Company X. 2.] State X has $10,000,000,000 invested with the local government investment pool and the local government investment pool is funding $10,000,000,000 of State X's bond debt. The mix and cross play here is mind boggling but in end result, the largest proportion of local government debt is funded with their own investment funds....

OPTION "E" - Make it happen in your state!

Walter - CAFR1.com