CAFR expert’s brilliant 400 words on US debt: government hides abundance as future liabilities, ‘retirement’ accounts, buying ‘debt’ from each other
Walter Burien is the leading expert on Comprehensive Annual Financial Reports (CAFRs). Beginning in 1990, Walter began documenting how governments manipulate their books to hide public money, but reveal part of what they do in CAFRs. I discovered Walter’s work in 2012, read CAFRs for the state of California, the City of Los Angeles, and Los Angeles County, and verified his information as correct. I document those CAFRs’ information here, along with the adventure of my California Assemblyperson and State Senator’s obfuscations and eventual official statements of, “No comment” when asked to verify what I found in the state CAFR. My 23-minute interview to explain my findings is the last video of this article. I found similar fraud in San Jose’s CAFR in 2015.
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