Comments on: CA debt much larger than reported

By: glidercoach

glidercoach — Tue, 04 Sep 2012 17:13:39 +0000

The Daily Show with Jon Stewart just reported that California is in the black with the federal government $.78 million… What’s the truth? At 2:36 into the clip. http://www.thedailyshow.com/watch/fri-august-31-2012/rnc-2012—the-road-to-jeb-bush-2016—the-best-f–king-news-team-ever-audits-america

By: 2012 presidential elections! - Page 8

2012 presidential elections! - Page 8 — Thu, 23 Aug 2012 19:41:53 +0000

[…] 2012 than it was in the 1980s. In fact, one of the most piss poorly managed states in the U.S. CA debt much larger than reported | CalWatchDog Reply With […]

By: 6 In 10 Californians Support Tax Hikes, Failed Economics | Liberty News Network

Fri, 01 Jun 2012 11:40:05 +0000

[…] I really think it’s probably worse than that. It’s worse because, as was highlighted Tuesday at CalWatchDog.com, the budget problem isn’t really $16B. It’s more like […]

By: From Clint Richardson

From Clint Richardson — Fri, 01 Jun 2012 04:35:38 +0000

I contacted Clint Richardson who is an expert on CAFRs and is the “blogger” referred to by Beelzebub. Here is what he said:

The main thing to understand is that these fund balances were what was in those funds on that particular day of the report.

The “liabilities” are in general future liabilities that will be paid at some time in the future. They have nothing to due with and do not effect the balances as reported on this day.

They do not tell you that future taxes and future assets will pay for those future liabilities, nor do they report these future assets on the CAFR. You don’t report future taxpayer money for 2012, so why report future liabilities for 2012? Answer: to creatively hide the wealth.

The debt and any current and future liabilities can be paid off right now. End of story. No debate needed. It’s right there in black and white.

You can post that for me if you want!

-Clint-

By: Debra

Debra — Fri, 01 Jun 2012 03:13:33 +0000

I agree with Beetzebub. The CAFR’s have been around for more than 65 years and it is very suspicious that they have never been mentioned on mainstream media and our elected officials always point us toward the budget, or their spending plan. Of course, the state has a “savings account” where all the wealth of the government is tracked and that is in the CAFR reports.

You can read a great explaination here: http://www.helppeoplenow.com/hidden-in-plain-sight.html

and here is another good one from Clint Richardson:

THE GREAT PENSION FUND HOAX – Corporation Nation 2
Watch the video: http://www.youtube.com/watch?v=fhkWueEjewM

We might as well face it, the new world order is in charge and those we elect are just their puppets. The international banksters really run the finances of the world and I’m sure they have been dipping into the CAFRs over the years. The rest of the time they steal from the taxpayers by inflation, deflation, interest on the money they create, and booms and busts they also create.

If the public had any idea how evil these bankers were, there would be a revolution before morning!

By: Craig Powell

Craig Powell — Wed, 30 May 2012 20:48:19 +0000

Happy National Coupon Month! Great story.

By: I am shocked, I tell you, shocked « Is it 2012 in Nevada County Yet?

I am shocked, I tell you, shocked « Is it 2012 in Nevada County Yet? — Wed, 30 May 2012 14:27:20 +0000

[…] the budgets coming out of Sacramento are bogus. Now Katy Grimes writing at Cal Watchdog reports CA debt much larger than reported “Reports of California’s debt usually just include the $17 billion budget deficit. But […]

By: Beelzebub

Beelzebub — Wed, 30 May 2012 06:29:09 +0000

See, you don’t give these corrupted governments enough credit. They will leave YOU high and dry, but they won’t screw themselves. I compare them to a henpecked husband who routinely turns his weekly earnings over to his brazen and domineering wife. After awhile he learns to figure out a way to withhold $25 or so for beer and cigarettes or whatever brings him pleasure. He cooks the books. Governments are MASTERS at cooking the books. There will ALWAYS be sufficient funds available to save themselves. Even if all hell breaks loose they will come up with the money to save the pensions and all those things their club members hold dear. The more I examine this situation the more I believe it. The keep a large stash on the side to service their needs while letting YOU twist in the wind. I believe my theory will become more evident to you as time marches on. Keep you eyes wide open.

By: Beelzebub

Beelzebub — Wed, 30 May 2012 03:58:33 +0000

That’s where you people and I differ.

I think there is hidden money. And I think this is all a ruse to scare people into voting for the tax measures. The hidden money is being used to backstop the pension system. The rascals constantly play government accounting games to hide what they don’t want YOU, the public, to see.

You think they are being transparent with our money??? Haven’t they lied to you enough yet to convince you otherwise??? Wake up.

By: CalWatchdog

CalWatchdog — Wed, 30 May 2012 03:16:17 +0000

Because there is no more money, California residents and businesses are going to be taxed on carbon emissions. And, the businesses that can will pass along their costs. Expect everything to go up in cost – utilities, all food and groceries, services – everything we purchase. Forget inflation, which we are already experiencing, despite government denials. Living in California is about to skyrocket in costs.

Katy