Comments on: Senate Democrats Try To Supersize The Crap Sandwich http://rightsoup.com/senate-democrats-try-to-supersize-the-crap-sandwich/ Political News, Conservative Views Mon, 15 Mar 2010 00:12:26 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Johnny V http://rightsoup.com/senate-democrats-try-to-supersize-the-crap-sandwich/comment-page-1/#comment-899 Johnny V Tue, 03 Feb 2009 19:20:35 +0000 http://rightsoup.com/?p=4369#comment-899 http://www.newswithviews.com/Devvy/kidd432.htm What is the Comprehensive Annual Financial Report (CAFR)? By Gerald R. Klatt "Each year all State and local governments prepare a financial report on assets, liabilities, revenues and expenditures in more or less a standardized format that must conform to the Government Accounting Standards Board (GASB) accounting and financial reporting standards. This financial report is called the Comprehensive Annual Financial Report (CAFR, pronounced "cay-fer"). Most people have heard of the budget, which is the document that plans and authorizes the spending of money. The CAFR describes what actually was spent and the status of assets and liabilities at the end of the fiscal year." http://www.newswithviews.com/Devvy/kidd432.htm
What is the Comprehensive Annual Financial Report (CAFR)?

By Gerald R. Klatt

“Each year all State and local governments prepare a financial report on assets, liabilities, revenues and expenditures in more or less a standardized format that must conform to the Government Accounting Standards Board (GASB) accounting and financial reporting standards. This financial report is called the Comprehensive Annual Financial Report (CAFR, pronounced “cay-fer”). Most people have heard of the budget, which is the document that plans and authorizes the spending of money. The CAFR describes what actually was spent and the status of assets and liabilities at the end of the fiscal year.”

]]> By: Johnny V http://rightsoup.com/senate-democrats-try-to-supersize-the-crap-sandwich/comment-page-1/#comment-898 Johnny V Tue, 03 Feb 2009 19:16:39 +0000 http://rightsoup.com/?p=4369#comment-898 Are all these governors stupid? Have they never heard of the 'national debt'? Where do they think this "money" will come from? This worthless fiat currency will have to be borrowed by CON-gress from the "FED." They will create more debt to reward state legislatures for incompetence and they want you, me, our children and grand children to hand over every penny we make to fund this lunacy. It will turn into nothing more than another massive "income" tax hike through the back door. But, are the states really broke? At least ten years ago, a man named Walter Burien began exposing something called a CAFR: Comprehensive Annual Financial Report. Walter managed to get on a SF radio show hosted by my friend, Geoff Metcalf. It was a real eye opener. Try as we all did, not one newspaper in the State of California would expose the truth of how the taxpayers were being fleeced. Nor would 99% of the radio stations statewide. I guess they all love being flogged every April 15th to reward the thieves in the state house. I've written about this issue before and perhaps now, with the states crying poor, the citizens of the 50 states will do what I did years ago: I went to the Comptroller's Office in downtown Sacramento and got a copy of the CAFR. Oh, they didn't want to give it to me, but I whipped out my press credentials and after some muss and fuss, I obtained a copy. I am not an accountant so a lot of that tome was foreign to me. However, thanks to Walter and Gerald Klatt, even someone like me can understand this complicated shell game: What is the Comprehensive Annual Financial Report (CAFR)? By Gerald R. Klatt "Each year all State and local governments prepare a financial report on assets, liabilities, revenues and expenditures in more or less a standardized format that must conform to the Government Accounting Standards Board (GASB) accounting and financial reporting standards. This financial report is called the Comprehensive Annual Financial Report (CAFR, pronounced "cay-fer"). Most people have heard of the budget, which is the document that plans and authorizes the spending of money. The CAFR describes what actually was spent and the status of assets and liabilities at the end of the fiscal year." Are all these governors stupid? Have they never heard of the ‘national debt’? Where do they think this “money” will come from? This worthless fiat currency will have to be borrowed by CON-gress from the “FED.” They will create more debt to reward state legislatures for incompetence and they want you, me, our children and grand children to hand over every penny we make to fund this lunacy. It will turn into nothing more than another massive “income” tax hike through the back door.

But, are the states really broke?

At least ten years ago, a man named Walter Burien began exposing something called a CAFR: Comprehensive Annual Financial Report. Walter managed to get on a SF radio show hosted by my friend, Geoff Metcalf. It was a real eye opener. Try as we all did, not one newspaper in the State of California would expose the truth of how the taxpayers were being fleeced. Nor would 99% of the radio stations statewide. I guess they all love being flogged every April 15th to reward the thieves in the state house.

I’ve written about this issue before and perhaps now, with the states crying poor, the citizens of the 50 states will do what I did years ago: I went to the Comptroller’s Office in downtown Sacramento and got a copy of the CAFR. Oh, they didn’t want to give it to me, but I whipped out my press credentials and after some muss and fuss, I obtained a copy. I am not an accountant so a lot of that tome was foreign to me. However, thanks to Walter and Gerald Klatt, even someone like me can understand this complicated shell game:
What is the Comprehensive Annual Financial Report (CAFR)?

By Gerald R. Klatt

“Each year all State and local governments prepare a financial report on assets, liabilities, revenues and expenditures in more or less a standardized format that must conform to the Government Accounting Standards Board (GASB) accounting and financial reporting standards. This financial report is called the Comprehensive Annual Financial Report (CAFR, pronounced “cay-fer”). Most people have heard of the budget, which is the document that plans and authorizes the spending of money. The CAFR describes what actually was spent and the status of assets and liabilities at the end of the fiscal year.”

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