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Date: 1/19/05 To: tferrick@phillynews.com BCC: [SNIP] Mr. Tom Ferrick: Thank you very much for your reply to Tom McCarey, or should I say lack of one? As many people from across the land have learned, when the inept or disinformation clowns get caught with their pants down and their you know what flailing in the wind, those types of individuals typical response is to attack the messenger and throw in an innuendo or two such as "part of a worldwide conspiracy" without one word of qualification, discussion per the specific points presented. Or in other words; duck out the back door and hope nobody notices. Continue to obfuscate Tom. Watch how fast your career spirals down that slippery slope. Because you know what Tom? In reply, both the first and in the second, YOU qualified the issue. All others from within the syndicated media club stayed quiet for six years as I brought forward national disclosure to millions of individuals from across the land.. You are the first in the country to intentionally or inadvertently break the code of silence per the issue. An issue so massive that the sheer weight of it will now make you the spotlight based on you being a representative of the syndicated media who has qualified the CAFR for all to see. And I NOTE: The "syndicated" media has survived and has kept the game very healthy by following one rule; "If it is not reported, it didn't happen." You cannot "de-turn" the communications Tom. With every word, good or bad, you are and have qualified the issue. Again I thank you Tom. Your readers are about to thank you, and a nation is about to sing your praises. You are the first representative from within the syndicated media to; 1. Mention the CAFR in the light of accountability. (And you are aware of the fact that it is for all local Government's their; Annual Financial Report beginning in 1946) 2. Give a clear showing of outright fabrications, reverse twists, and intentional obfuscation in your first reply to Tom McCarey. 3. When presented with my reply letter to you (Opps he saw it) on those outright fabrications, reverse twists, and intentional obfuscation you gave Tom McCarey in your second reply the "Attack the Messenger, Duck, Hide, and slip out the back door response" as your course of action again without one word addressing the issues, or points presented. Must say, you are consistent. But then you are who you are and do what you do by design. As your replies circulate throughout the Internet, posted on a few high traffic sites, and possibly are published, my are your bosses going to be so pleased with you. Who knows, they may even take a few steps to help your career along based on you coming forward so transparently to the issues presented. I thank you again Tom Ferrick! You have a great Week! Yours truly, Walter J. Burien, Jr. (AKA: Bubien) http://CAFR1.com Incorporator of: Hands Across NJ (1980) CC: Carol Saline - Philadelphia Magazine Jeff Rense - Editor Rense.com Tom McCarey CAFR1 National Email List --------------------------------------------------- Subject: RE: I touched up my reply - Your Copy Tom From: "Ferrick, Tom" <tferrick@phillynews.com> Date: Tue, January 18, 2005 1:36 pm To: "'tom mc carey'" tom_mccarey@[SNIP].com Tom McCarey -- Thanks for your note and thanks for attaching Mr. Burien's disquisition on this topic. I have studied it carefully and come to the considered conclusion that he may be a few bricks shy of a full load. But, I'm always glad to hear from readers, even on the topic of CAFR's as part of a worldwide conspiracy. -- TF [Tom Ferrick Jr. / Philadelphia Inquirer Columnist] -----Original Message----- From: tom mc carey [mailto:tom_mccarey@[SNIP].com] Sent: Monday, January 17, 2005 8:46 PM To: tferrick@phillynews.com Subject: Fwd: I touched up my reply - Your Copy Tom Dear Mr. Ferrick: Well, what do you have to say? Thanks. Best, Tom McCarey Note: forwarded message attached. _____ Subj: Re: SEPTA (Southeastern Pennsylvania Transportation Authority) Date: 1/14/05 To: tferrick@phillynews.com CC: tom_mccarey@[SNIP].com In a message dated Thu, 13 Jan 2005 05:23:34 -0500, tferrick@phillynews.com writes: Mr. McCarey: I read Mr. Burien's homepage and I must say it evidences a misreading of these financial reports and a profound lack of knowledge about standard accounting practices. To put it more succinctly, it's just plain wrong. There's a huge difference between Gross Assets and Operating Income. Though, he is right in one respect. If SEPTA sold all of its assets -- buses, trolleys, subways, trains, rails, buildings, etc. etc. it would get a lot of money -- but to what end? It would lose the very components it needed to operate as a transit agency. Governments have huge assets -- mostly in the form of property and buildings -- but to suggest they should all be sold to operate government is a tautology. But, thanks for the missive. -- tf [Tom Ferrick Jr. / Philadelphia Inquirer Columnist] ----------------------------------------------------------------------- WALTER BURIEN'S REPLY DATED 01/15/05 TO: TOM FERRICK OF THE PHILLY NEWS / PHILADELPHIA INQUIRER ----------------------------------------------------------------------- Tom Ferrick: Per your reply to Tom McCarey when you say you read my home page, then why do you expound on points that do not exist on my pages or recommended applications? First you say; TF: "he is right in one respect. If SEPTA sold all of its assets -- buses, trolleys, subways, trains, rails, buildings, etc. etc. it would get a lot of money" Never did I; in any writing, or on any of my pages, or in the content of over 1000 hits you will get per my work on the Internet if you do a search of my name, once infer, say, or recommend your comment above. It is ludicrous to imply that and it is pure misdirection away from any core issues. NOTE: Selling enterprise operations to the private sector is just that; selling the business with my only example ever given of being government owned Golf Courses. Second you say; TF: "There's a huge difference between Gross Assets and Operating Income." I focus on investment assets, or standing liability repayment accounts, or over funded pensions. It is very clear to most readers that; Operating income is for planned annual expenditures and Gross assets (liquid not hard) need to be reviewed to determine hoarding, misuse, overstatement of need, or outright fraud in application. Third and last you say; TF: "Governments have huge assets -- mostly in the form of property and buildings -- but to suggest they should all be sold to operate government is a tautology." This to be said by you is out right crap. As I stated in point one above, this was never said by me. I have heard a few crooked politicians try to run off on that line expecting a stupid audience to buy it said by them and not by me. Additionally in most CAFRs I have looked at per the standing hard assets Vs liquid assets, the hard assets shown on the CAFRs account for 12 to 24% of totals per overall assets. The norm is about 18% of the totals. I couldn't care less about the standing hard assets. NOTE: Excluding the sale of certain Enterprise operations back to the private sector. The investment, cash, liability account balances, which comprise 80% of the totals, there is the core and there is my focus. I also emphasize the obscene growth over the years in cash receipts accomplished by many government entities. I will use Arizona as an example. In 1973 the state government of Arizona CAFR (Comprehensive Annual Financial Report) showed a service budget of 1.8 billion dollars with total cash gross receipts of 2.1 billion dollars or a 300 million dollar figure over the budget. Well, in 2000 the state government CAFR showed a service budget of 14.5 billion dollars and cash gross receipts of 35 billion dollars or a mere 20 billion figure over the selectively created budget report. Per SEPTA, I have never looked at it. But, do a Google search on my name "Walter Burien" and New Jersey Turnpike. You will get the articles per how the NJ Turnpike and Parkway kept their bonds outstanding (14 B) as they had bond surety escrow accounts for repayment in excess of (30 B). I will leave you off with one last comment; The CAFR is government's Annual financial Report, the Holy Grail of accounting. It is as to the religious organizations as is the Bible, the Torah, the Koran. So: 1. Why is it not on the front page of your news paper? 2. Why is it not even on a back page? 3. Why is your editor sent it each year only not to have a clear mention of it, not a peep? Your words of obfuscation above sicken me. Not as they come from you as a reporter / Columnist but as they are the normal ploys used by the "Shell Game" gang that depend on the public to be total idiots buying those type of comments being made as every core issue presented on CAFR1, not a letter or word in response is given to the core issues presented. The following is a post I put out the other day. Put it and this reply in print with the Philly News / Philadelphia Inquirer for comment. But I know you cannot even if you wanted to. Qualifying the issues of the information contained would be defeatist to the long running game that started in 1946 and has since that time greased so many pockets and has put so many news outlets eagerly on the bloated nipple of the sow. Stick to obfuscation of the core issues to then expound on the nonexistent inference. But then in all reality your job depends on your continued ability to obfuscate per the issue of the CAFR and government's true gross receipts!... Yours Truly, Walter J. Burien, Jr. http://CAFR1.com COPY OF POST IS AS FOLLOWS: Subj: .. or suffer true consequence in reality! Date: 1/14/05 To: Consequences@USA.org BCC: [SNIP] .. or suffer true consequence in reality! By Walter Burien - http://CAFR1.com 01/14/05 Well, who created those statutes and laws within government? In effect, were they created in secret to benefit the few or were they created with true populace oversight? The answer is in secret ... in most respects. The public needs to create the law, and not allow a group of corrupt lawyers and politicians looking to grease their own pockets to impose the law on the public! A paragraph applied corrects the opening up for view of the money aspect: "All revenue, debt funding accounts, self-insurance, and or any investment account held, managed, or generated by the state, its agents, or subcontracted, shall be subject to consolidation into one consolidated report and provided and promoted for public inspection, audit, review of money balances, and examination of actuary accuracy of models used for the purpose of debt repayment or liability funding so that accurate appropriation of revenue to the general fund can be accomplished. No revenue, income, or investment from any quasi or direct government operation is exempt for any reason from consolidation into the consolidated balances of the report." All state individuals in their capacities as public officials, should openly announce statewide and with true participation of the press that the state urges all residents of the state to examine the State, City, County, School District, Enterprise, and Pension Fund's CAFRs. The CAFR should be identified as that local government's Annual Financial Report and the past 10 years should be looked at. Having a 2000 and a 1990 CAFR gives a 20 year back record in the statistical section of the real and actual growth of that government entity. No matter what the hype or smoke and mirrors presented, a public official who does not openly promote his/her local government's Annual Financial Report (the CAFR) clearly has much to hide and should be removed. The growth factor shown in the statistical section of the CAFR is the most condemning of all. Many CAFRs give the personal income increase for the taxpayer to compare with the increase in gross income for that government over the same time period. When it comes to state growth, the word sot is much to mild of a word to use. A State in 2003 may say it has a 900 million dollar budget shortfall but what these sharks leave out is: 1. If the expenditures were kept at the same level - as say 4 years ago - with the same amount of revenue collected in 2004, a small state would in most probabilities have somewhere between a 4 to 5 billion dollar surplus generated every year. 2. Personal income of individuals living in the state over 10 years went up by 1x and during the same time period the state's gross income went up by 2, 3, 4 or 5x. A state-by-state review shows, in most cases nothing other than rape in comparison to public income Vs State income. 3. The complexity of state financial operations was not structured for simplicity to benefit the public but structured in obscure complexity to benefit the administrators, giving them the ease to move, reinvest, or spend moneys as they falsify genuine need. 4. If a public corporation went out of its way to promote a selectively created budget and kept its Annual Financial Report totally obscure from its shareholders, all directors would be indicted and convicted by the SEC for numerous nondisclosure infractions. Fraud would be the primary word used in such SEC indictments. 'Marketing' has been the buzz word within local governments for the last 35 years. Sell a product to the public whether needed or not, or create the need with the sole underling motive being the self-enrichment of the administrators. Self-enrichment totaling in the hundreds of billions of dollars each year as the many different obscure complexities are worked and implemented. Closing note: If a state brought its expenditures back to were they were just 5 years ago, the surplus revenue being collected would build to a point with compounded return to were the return would equal the budgetary requirements in approximately 6 to 7 years. Other factors included into the equation could expedite self-sufficiency for the State budget to 3 to 4 years. At that point, all taxation could be phased out. Salaries at retirement are paid by pensions, Government budgets can follow the same good example. A Tax Retirement Pension = Fundemental+Aplication. A prospectus could be written for any State, County, City, or School District that would show the crossover marks to accomplish self-sufficiency without taxation! Public officials need to get on the ball and do their job for the public and not their own self-enrichment / rubbing the club the wrong way or suffer true consequence in reality from the populace! Yours Truly, Walter J. Burien, Jr. http://CAFR1.com
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