May 28, 2012
Clint Richardson details California’s Comprehensive Annual Financial Report (CAFR) to reveal $577 billion in Californian taxpayers’ investments. This public evidence makes Governor Brown’s claim of a ~$16 billion budget deficit with no option than “austerity” a criminal lie of omission. This is similar if the governor claimed the public checking account didn’t have enough money for our children’s schools while he covered-up a savings account with over 30 times the claimed shortage.
Clint notes on page 107 of California’s CAFR that the $6 billion annual interest cost and $164 billion in state debt are also cover-ups when contrasted with taxpayers’ investments. The criminal economic fraud of the 1% expands with cover-ups of the policy options to issue its own credit and money to directly pay for public goods and services.
These facts at the state level in California are repeated by the two main political parties’ “leadership” in all states (explore here). They also reveal the US national debt as similar criminal fraud. Here are three simple points to explain:
I understand that most Americans find these facts difficult to embrace. My personal experience working with both parties’ “leadership” for 18 years and two UN Summits where they rejected ending poverty, even when it produces a profit with Microcredit, revealed the 1%’s character.
The solution to the 99%’s looted trillions is as old as law and justice itself: arrest the criminals, disclose the comprehensive facts, rebuild in good faith for policy in the public good.
Until the 99% demand arrests and justice, the 1% will continue to loot, lie, and demand we accept austerity on our knees.
It’s our assets. What will you think, say, and do to reclaim them? Until we collectively act, the 1% psychopathically rules us to kiss our own assets goodbye.
This article was posted: Monday, May 28, 2012 at 2:52 am