California Government Hides Billions From Taxpayers

Posted: May 27th, 2012 by Militant Libertarian

by Clint Richardson

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…

In this article we will once again show the purposeful omission of massive amounts of wealth by your government. If you live in California, this may well be the most important thing that you read this year. If you live elsewhere… rest assured that the same holds true in your State, County, Municipality, School and other districts.

In what can only be called a recently government producedpropaganda video, California Governor Jerry Brown is addressing and purposefully lying to the people of California, where he nicely threatens to cut school funding by multiple billions if the people of the State do not vote in favor of his new budget plan:

Read the rest at this link.

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