Posted on 06/15/2013 7:14:51 PM PDT by Innovative
The Internal Revenue Service has never been an agency much loved by the American people. With the IRS's targeting of conservative groups, its already bad reputation has now sunk to a new low.
But the scandal raises a critical question: If the IRS can't manage an increase of 1,700 applications for tax-exempt status that the agency said spurred its targeting of conservative groups, how will the IRS handle its massive new role in implementing ObamaCare?
Look at the Earned Income Tax Credit. Whether you like this refundable credit or not, the Treasury Department's inspector general for tax administration reported in April that improper payments account for 21% to 25% of total EITC payments in 2012. Take the percentage of improper EITC payments and apply it to the approximate $1 trillion we'll spend on ObamaCare premium credits in the decade beginning 2014. The math shows that we could see between $210 billion and $250 billion distributed to those who shouldn't get it—because the IRS has no system in place to verify reported household income.
Put all the potential fraud and improper payments with these credits on top of the already soaring budget for the premium subsidies and we're headed for a disaster.
(Excerpt) Read more at online.wsj.com ...
Perfectly captures a key problem in our government today.
That is absolutely chilling; I had no idea it was going on... makes me glad I closed and liquidated my Family Farm Business on 11/1/11, after 22yrs.
Everything he says is a lie. But some where trying to tie it to the 57 islamic states.. Obama is just a puppet. If someone does not have their hand up his ass, he’s as dumb as one to.
When you have multiple government agencies working in unison to squelch the "hollering" it makes it a little hard to get the message out.
About the only thing left is armed insurrection.
“They WILL be under Obamacare Jan.1st. That’s why there have been recent articles about Congress critters and their staffers considering quitting their jobs. Many have stated that they will not be able to afford the premiums.”
As for we great unwashed, well, we can just eat cake.
What makes you think they never will? Your doubt of God?
Based on a history of voting patterns by the American people, the future is not promising. Others may find a silver lining her or now.
My feelings exactly.
I'm so tired of all the PONTIFICATING without any followup actions of justice being dealt out. "Welcome my friends to the show that never ends"
Are we watching yet another Kabuki theater presentation?
Why don’t these congress creatures do something to end this commie/nobama takeover? Do something to hold these traitors to account. Didn’t these congress morons take an oath to defend the Constitution?
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