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Wisconsin’s Embattled Governor Hiding Billions In State Assets

By Debra Hood - OpEdNews

The Governor of Wisconsin's despotic agenda goes much deeper than his dishonest claims about the health of the economy of Wisconsin's State governments. A closer look at the financial health of just "the one investment arm" which does not include the State of Wisconsin's investments in foreign currency shows over 67 Billion dollars in usable assets invested with taxpayer's money.  

This money has been hidden by non- disclosure, secrecy, incompetence or worse by Governor Walker. Google CAFR Corporation of State of Wisconsin 2010 for the details See http://www.cafrman.com for an explanation or http://www.rense.com/general81/deue.htm for the information on what should be discussed as the true usable wealth of a State, County, City or government corporation.

He will tell us that all State Governments have the same situation and he's not alone in keeping citizen's assets close to the vest.  However true that is, it is important to note that the governor is the main person calling for cutbacks thus he has an obligation to not only tell the truth but to do the job he was elected to do which is to refrain from corrupt and or monumentally inept financial mismanagement of Wisconsin's Taxpayer's money.

Furthermore he has absolutely no conceivable excuse for being clueless since every State in the country employees a virtual army of trained investment professionals to monitor and collect and invest all kinds of monies from the citizens of their states. This group has its own web sight called the Government Financial Officers Association. http://www.gfoa.gov (Ed: link does not work) They also have names for their investment activities with monies culled from the trained and unendingly "taxed, ticketed, registered, certified, securitized, patented and licensed" public.

Those activities show up on their yearly financial audits as enterprise funds, and their profits are described by the telling name of "Discreetly Reported Component Units!"  Doesn't it make anyone a tad bit curious as to why discreet reporting has to be done?   After all these audits are specifically created for and reported to the I.R.S. then covered up by the mainstream media.

The 67 Billion relates to only one investment fund, without adding the cities, counties, municipalities and all other investment accounts by government entities incorporated in the State of Wisconsin. That means that the State Government has assets and investments at all levels across the state.

These investments were made with taxpayer’s money, and to give an example of how they can add up: the State of California has estimated that one account had over 390 billion in it to cover a so-called deficit of almost 20 billion. This is what the State is saving in forcing California into foreclosure. What really takes the cake is that the State of California as of 2010 has over 1800 investment accounts with net assets in the amount of 8 trillion dollars!

Furthermore the people running California are singing the same Walker Ponzi Poverty tune. Overwise how could the polluters and thieves hiding behind N.G.O.s and highjacked environmental groups and other charities justify this carbon tax, theft, takeover and fire sale of California, her land, water, resources, infrastructure, taxpayer’s oil royalties and assets?

What Walker is doing is part of an overt country-wide plan by a group of Governors to destroy any chance the American people will have to retain their freedom and the right to chart their own destiny. This is a chilling prospect given that the people depend on the independence of their states with the protections of the Tenth Amendment to act as a constitutional safety net to check the tyranny of an out-of-control Federal Government.

What is happening to the public workers of Wisconsin is happening to 90 percent of the American People. The Governor’s agenda is merely the next act in what is the ongoing and most massive fraud and theft of everything of material value to American citizens ever manifested on the American people. However that is only the beginning because the most profound loss could be the loss of liberty, which is the real intent behind this agenda.

The assault on the civil liberties of citizens and the interference and intent to permanently interfere with the contractual rights of State workers should be in a Federal Court if it can be settled by jury under the jurisdiction of an honest Judge administrator or through arbitration.

Governor Walker is proposing a law that will deny public employees the right to negotiate future employment contracts. Worse he has already violated the constitution by interfering with the present employment contract of the public workers in the State of Wisconsin.

Violation of substantive due process as applied to the Fourteenth Amendment, such as the State acting to bar the right of citizens of that state to contract and negotiate wages and benefits with an employer supersedes and removes the sovereign immunity enjoyed by a State provided by the Eleventh Amendment.

Go To OpEdNews.com to read the rest of this excellent and thought provoking article