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Comprehensive Annual Financial Reports in the public sector

Updated on August 31, 2011

I just found out about this : "THE COMPREHENSIVE ANNUAL FINNANCIAL REPORT"

01/2010

As I understand it,this information has been around since 1946 and has been sent to all of the major media outlets in the country,yet most of us probably have never seen or heard of this from them over the years.At ,least I personally haven't. Neither has Walter Burein the person I heard it from on a google video that's been around since 2005 at least. He is a wallstreet trader who discovered this from a radio show he listened to on taxes in the late1990's.He formed a group that now looks for and finds funds in this government report that is free for anyone interested to find,even online.

However,apparently ,almost no one in the public sector knows about,much less understands .I googled "Comprehensive Annual Financial Report" and found one for the state I live in and took a look at the amount they had recieved in 2008 from businesses and individuals ,who paid into the unemployment fund and it appears,there is more money available than we have been told .I'm not an accountant , but,unless those funds came from the feds We haven't exhausted the funds that have been allocated for that purpose If,so ,maybe the same is true of other taxpayer funded government obligations as Walter Burein says.

He claims that all told that there is 66 Trillion in assets in all these government reports from all over the united states.If,he is right.Then the public has been allowed to believe that the government needed more money in taxes than they really did.

I don't know about you ,but that doesn't exactly inspire my faith in government,or the people who run it.Unless these assets are discovered the government will keep pretending it doesn't exist,and continue to ask for ever more taxes.Water Burein claims that we could concievably run the government from now on without taxing the people anymore,by using these funds.

What do you suppose those working with the government both public and private get paid to keep this information quiet,although it has been available all the time for the public to see,anytime they wanted to? Wake up!

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    • someonewhoknows profile imageAUTHOR

      someonewhoknows 

      8 years ago from south and west of canada,north of ohio

      If,government etities,federal,State and local have all been puting excess taxpayer money,into investment accounts without the publics knowledge that has increased government revenue over the decades then the taxpayers should know about it.It,seems those at the top in government offices are immune from economic downturns.They simply keep taxing the people if ,they think the people will buy into it.

    • Green Lotus profile image

      Hillary 

      8 years ago from Atlanta, GA

      I guess we're not going down so fast. I think it's good news too. Thanks.

    • dusanotes profile image

      dusanotes 

      8 years ago from Windermere, FL

      Thanks, someonewhoknows. That's fantastic news, if it's true. And I hope it is. Wonderful Hub. Don White

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