Debt increased as a "counter-balance" vehicle for Government investments by Walter Burien - 09/02/08 - http://CAFR1.com  LET'S TALK IN REPLY TO STEVE STAVRO - ISSUE: SCHOOL DISTRICT DEBT Steve: My first question would be: "How much of that debt is funded directly or indirectly with the state's / other Local government's own investment assets?" Many local governments now are self funding their own debt. EXAMPLE: You give me five-million dollars and told me to start a mortgage company. Then you said you were going to buy a five-million dollar property and you told me to underwrite your mortgage and charge a high interest rate. Well, if you told your friends and business associates: "Gee, this five-million dollar mortgage (disclosed debt) is killing me, and they are charging me 12% interest, Ohhhhhhh, I don't know if I will survive..." Slight tad bit of misrepresentation if you don't mention it is your own five-million dollars and you are collecting the 12% through me! So, what I would tell all is: "Get a listing of investors for that debt and do a little reverse looking to see who's investment capital (directly or indirectly) it is? The local government's general purpose / proprietary / enterprise / government institutional funds, or if it truly is the private sector's". If you tried to put forward this comprehension and organized the people for an effective reverse search, you stand a strong probability the government boys behind it would make great efforts to keep it from happening. Big can of worms for them there.. search. It would be very interesting to come up with a number as to: What percentage of that debt could be discharged against the same local governments own investment assets underwriting that same debt??? You see, the government loves to lock the public into repaying debt thus guaranteeing themselves a good rate of return over the years on investment assets the public never knew existed in the first place. But then by design, the public was and is intentionally misdirected away from looking. They were not supposed to comprehend and know, DUE TO THE MONEY INVOLVED! This is government's way of indirectly taxing the people by creation of debt by the local governments that they are locking the public into repaying to guarantee their own investment return. Your Government at Work! (for themselves that is) Ask for:
Truly yours, Walter J. Burien, Jr.
P. O. Box 2112
Saint Johns, AZ 85936
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