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Category Archives: Combined Anual Financia Report

CAFR—The Biggest Fraud of Government! “Follow the Money”

The People formed their Governments for the primary purpose of protecting our rights, as early blogs testify. So WHY does “our” Government keep HUGE sums squirreled away, and force us to pay more taxes?

All levels of government keep TWO SETS of accounting books. One set is not generally known to the public. It is separate from the familiar”Budget”. It is the “Comprehensive Annual Financial Report”, or “CAFR”.

This financial report holds huge sums of money safely folded within its nearly incomprehensible “fund accounting” maze. These funds are invested in the stock and bond markets. They are NOT available to pay for the expenses of administration of government. They are used for making a profit from which the taxpayers will never benefit.

These facts and their implications are shocking.
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