MICHIGAN ABOUT TO GO BROKE (But what about all those local and state C.A.F.R accounts, folks?)
I'm really getting fed up with the insane, inaccurate and outright lies being told about all of the U.S. communities that are 'going broke'. What total BS!!!
http://www.businessinsider.com/how-michigan-is-preparing-for-a-tsun...
Ya want some truth and answers about your community's REAL financial strength? Call 'em up and demand info about their C.A.F.R. holdings (which is YOUR money, btw.) (See this for a quick course about C.A.F.R.'s -
http://en.wikipedia.org/wiki/Comprehensive_annual_financial_report .
C.A.F.R.'s is another fancy term for "double bookkeeping." It's the extra money you've been paying for everything.
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