Guest guest Posted May 19, 2005 Report Share Posted May 19, 2005 Web address is below / Janice. .... " Canada is richer than government pretends. The recent use of full accrual accounting in government financial statements proves this. Dishonest government accounting procedures in place until recently misled the public by greatly undervaluing our wealth, even to the point of pretending some of our assets did not exist. In 2002, the government ceased this practice and moved to full accrual accounting in the federal financial statements. (See annex 6 of the Budget Plan 2003 which details the implementation of full accrual accounting.) This came about as a result of pressure from Canada's auditor general, Denis Desautels, who refused to sign off on the books without the implementation of accrual accounting, that is all liabilities balanced against all assets... ....It is not social and environmental programs that caused the massive debt of Canada. It was the scandalous mismanagement of Canada's money permitting outrageous benefit to banks... ....The purpose of the elimination of the statutory reserves was to bail out the banks and pay for their lost assets at the expense of the taxpayer. " ... Thanks to for sending this. Most educational and enlightening. To see how we are constently manipulated and to better understand how our money is usurped by the government, the following site is a must read (at least some of it) as it shows how the books are cooked to steel from us www.cafrman.com ______________________________________________________________________ Post your free ad now! http://personals..ca Quote Link to comment Share on other sites More sharing options...
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