Wednesday, June 13, 2012

California Government Hides Billions From Taxpayers


California Government Hides Billions From Taxpayers

 
 
 
 
 
 
28 Votes

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The Big Lie
Over the past weekend, Gov. Jerry Brown of California took to the safety of YouTube to reveal that the Golden State’s budget deficit is now $15.7 billion, far greater than the original $9.2 billion estimate in January. (CNN, May 15, 2012)
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The Simple Truth
The State Government of California has $100′s of billions in liquid investments and assets, could easily pay off all of its debt tomorrow, and would have $100′s of billions left over.
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What if I could show you over $577 billion in investment fund balances that aren’t being reported by the California State Government on its budget report?
Well that is what I’m about to do…


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