Tuesday, January 12, 2010

There's a Hole in the Pocket

Seems there is a hole in the pocket of our trusted Congress critters. A hole big enough to do a lot of things, including paying for a good portion of Obamacare. But no one wants to do anything about it.

If Obamacare becomes law, the IRS will be put in charge of compliance. Their job will be to make sure everyone who is supposed to buy health insurance has done so, and make sure that policy meets federal guidelines. If you qualify for a subsidy, the IRS will be responsible for doling out those funds.

Gives you a warm, fuzzy feeling doesn't it?
"It's hard to see how the IRS could take on the huge responsibility it would be given under pending health care legislation without some real glitches, or worse," said Sen. Chuck Grassley of Iowa, the top Republican on the Senate Finance Committee.

According to USA Today, by their own estimates, the IRS fails to collect $290 billion every year.

That's some serious coin . . . except in Washington of course.

Now comes NBC reporting as part of their Fleecing of America report that Medicare fraud alone is another $60 billion hole.

Visit msnbc.com for breaking news, world news, and news about the economy

Will someone tell me why we should trust these folks with health care when they can't even run programs already entrusted to them?
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