Congress is considering borrowing enough money to give every adult a check for $1,200. The fact is that the government is just returning a portion of the $146 trillion dollars in assets that they have stolen from the American people.
Go to the U.S. National Debt Clock and you will discover that the government has a National Debt of $23 trillion dollars and assets in excess of $146 trillion dollars.
According to Walter Burien the city, county, state and national government corporations own approximately 70% of all of the stock in the Fortune 500 Companies.
Since 2016 the government assets have grown by an average of $6 trillion dollars per year and in 2019 the Congress spent about $4 trillion dollars funding the government.
The government accumulated a surplus of over $2 trillion last year. If the government has the money why isn't Congress using the pre-existing assets to pay for the cost of running the government.
All of the taxes collected and the interest earned rightfully belongs to "We the People" not to the Wall Street bankers and corporations. Taxes are not collected to raise money, they are collected to enslave the tax payers.
Rather than pretending to giveaway $1,200 to practically every American, why not demand the government stop taxing the people.
Watch the following video called "The CAFR Swindle - The Biggest Game in Town" from Jerry Day, to understand how we are being screwed by the men and women we have elected to serve us.
These reports were created in 2004 and it is assumed that the amount of budget surpluses are significantly higher today.
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Hawaii
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Iowa
Kentucky
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Massachusetts
Michigan
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Mississippi
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Nevada
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Virginia
Washington
West Virginia
Wisconsin
Wyoming
Replies
Under the Freedom of information act may I ask my local School District or Township for the CAFR?
Oh, after all these years it is still the biggest secret EVER. Nobody believes me.
CAFR is true. Spoke to Walter several times. Challenge your local county and cities and get their public records (Budget) and compare with Walter's findings...
Tired of this crap? Become a Secured Party Creditor and you become free of all of it.
I watched the entire 15-minute video. Not one bit of evidence was offered to substantiate the claim that the government(s) is (are) hoarding $147 trillion - or any other dollar amount. Perhaps the speaker thinks most Americans do not know how to read a balance sheet; however, there are millions of small business owners in America who know all too well how to do that.
As an MBA in Corporate Finance and a financial consultant with 40 years' experience, I looked at the CAFR for Virginia. No trillions hiding there except for some funds set aside as required by law. Please show me a CAFR that reveals these hidden trillions.
Information, please!