- SCLP Chairman responds, "South Carolina Public Debt
story is a fraud!"
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- (Columbia) The story ran in most newspapers across South
Carolina. The headline, Government owed $10.1 billion in 2002, nearly
double level only 4 years earlier. But according to Chris Panos, South
Carolina Libertarian Party Chairman, the CAFR Network http://cafrman.com/Articles/Art-SC-S1.htm
reports that the State of South Carolina at the State-level has approximately
$5.62 billion of the taxpayer's money it is not using.
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- These surpluses equal to $1,358 for every man, woman
and child in South Carolina, or $5,433 for a family of four. This does
not include all the additional surpluses that exist in the school districts,
cities, or counties in South Carolina. "Reporting deficits in government
sets up the politicians to increase taxes or cuts services," asserted
Panos. "Tax power is the only real power politicians have over the
people. Take away that power, and the politicians are powerless to pander
to their special interest supporters," continued Panos.
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- "South Carolina taxpayers need to understand that
it is possible to have a simultaneous budget deficit and financial surpluses,"
exclaimed Panos. "This is the most deceiving topic that our politicians
and news media have conveyed to South Carolinians about our state's financial
matters. In realty, South Carolina can, and does simultaneously have a
budget shortfall and a financial surplus of the taxpayers' money,"
proclaimed Panos.
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- According to Panos, "a budget is an estimate of
the amount of money to be received and the amounts to be spent for various
purposes in a given time. It is a planning and monitoring document. It
matches revenues (income) and expenditures (expenses) for a given period
of time, which is usually one year for most governments. It does NOT demonstrate
the financial condition of South Carolina.
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- South Carolinians continually hear the phrase "budget
shortfall" or "budget deficit." What this means is that
projected (planned) expenditures will probably exceed projected (planned)
revenues. When this happens, the politicians immediately want to raise
our taxes and/or reduce services regardless of the financial condition
of the state. It works every time. But the South Carolina Libertarian
Party is doing something to change this fraudulent perception. We are
actively seeking out all the taxing authorities in South Carolina.
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- Apparently they're everywhere! Once the SCLP finishes
its investigation of the South Carolina CAFR, we will do everything in
our power to inform the people of the fact that the State of South Carolina,
along with the school districts are hiding surpluses and over taxing the
people," promised Panos.
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- To learn more about the South Carolina Libertarian Party
visit http://www.sc.lp.org/
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- NOTE From: Walter Burien
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- Call it what it is "Fraud"
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- The holding back from open mention and disclosure of
the Annual Financial Report (The CAFR) by both Democratic and Republican
parties and the syndicated Media in cooperation with organized Education
for now over 50 years and promoting a selectively created Budget report
that shows only 1/3 rd of the "gross" income and excludes the
primary investment funds is criminal fraud no matter from what angle you
look at it..
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- The Budget report is primarily the showing of Tax income
and where that TAX revenue is spent. One little problem here, that being
tax income is now only 1/3 rd of the annual gross income. The misimpression
given to the public by strict presentation of a "Budget Report"
was that tax income was 90% or so of what government brought in for the
year. Government has created their own procedures, laws, and statutes to
orchestrate this venture of selective presentation due to the money involved.
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- If IBM. XEROX, J&J, Microsoft, or Disney did the
same to mislead their stock holders so that lower dividends and stock value
could be manipulated, every one of the directors of those companies that
participated would be sitting in the federal Penn after multiple SEC indictments
and expedient convictions. Well, our local governments are doing the same
and the money, power, egos, and arrogance goes rolling along unabated,
and unabated to the tune that make all of the organized crime families
combined and the money they generated over the decades appear to make all
those organized crime families look like a bunch of kids selling lemonade
on a street corner in comparison.
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- We are people, Human beings and not a resource to be
masterfully manipulated for gain at the whims of our local bureaucrats.
It is time to evolve and take back control of the reins and most important
of all, regain our rightful inheritance.
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- "ALL" local governments can become self sufficient
"without" taxation.
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- The TRF "Tax Retirement Fund" can make it happen
in a blink of an eye when the force necessary to make it happen commences.
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- Yours Truly, Walter J. Burien, Jr. www.CAFR1.com
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