Title: Government Slush Funds
If this doesn't get you up out of your chair in protest, then go
on back to sleep.
Government Slush Funds
Most City, County, State, our Federal government, and other
taxing authorities have created slush funds from overpayed taxes,
called Government Investment Pools, and have invested these funds in
the markets. You should demand a copy of the "Comprehensive
Annual Financial Reports" (CAFRs) from your State Comptroller to see
just how much taxpayer's money has been hidden in these accounts.
The 1999 report for the State of Texas showed that they had in the
composite accounts a total of $7.126 trillion (that's with a
"T"). The total population of Texas, according to the 2000
Census, was 20,903,994. This means that for each person (man,
woman and child) in Texas at that time, using the 2000 and 1999
figures, this fund held
$340,868.73 per person.
You can find this information on the Internet by going to
http://www.financenet.gov/state/cafr.htm and looking for your state.
For residents of Texas, do a search for TexPool, and look for the
account called Texas Government Investment Pool (TexPool) Trust Fund.
Each state has their own slush fund, and under different names, so
check the records for your state, as described above for Texas.
We want these investment pools eliminated, and the money in these
pools returned to the taxpayers in the form of tax rebates. This
money held by Texas should only be returned to those who have paid
taxes in Texas, on a pro-rated share depending on the amount of taxes
that they have paid.
We want all forms of out city, county, state and Federal governments
to be reduced to the bare amount required to provide necessary
services (as defined by the taxpayers), and then the taxes should be
levied in the proper amounts to exactly cover these costs.
We want laws enacted to outlaw government slush funds
forever.
