Seems like the White House is emphasizing two different angles on the 1.1 Billion increase for the Internal Revenue Service in Obama’s Budget. To Reporters the increase is to answer questions and provide quality information to taxpayers. But on the IRS website they emphasize that the funds will actually decrease the deficit by increasing enforcement and collections. Additionally, they highlight a program to police the Tax Preparer industry by checking […]
President Hosni Mubarak’s family fortune could be as much as $70 billion U.S. Dollars according to analysis by Middle East experts. Much of his wealth in British and Swiss banks or tied up in real estate in London, New York, Los Angeles and along expensive tracts of the Red Sea coast. After 30 years as president and many more as a senior military official, Mubarak has had access to investment […]
The Congressional Budget Office, in an email to Capitol Hill staffers obtained by the Spectator, has said that repealing the national health care law would reduce net spending by $540 billion in the ten year period from 2012 through 2021. That number represents the cost of the new provisions, minus Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes, which accounts for the deficit reduction. Full email, […]
A U.S. Government Accountability Office report says Planned Parenthood Federation of America cannot find some $1.3 billion given to it by the federal government from 2002 through 2008. In response to an information request from 26 House members and five senators, the GAO report said that Planned Parenthood had received $2.02 billion in federal grants from 2002 through 2008 but that the nation’s largest abortion-industry player only reported spending $657.1 […]
They call DC “the Cocoon” for Good Reason, while Americans suffer high unemployment, Home foreclosures, and financial ruin, Members on the Hill fortunes continue to clime at unprecedented rates of return. The top Fifty members of congress are worth almost 1.4 Billion. We wonder if the Stimulus was directed more toward themselves than toward the average American. Here to hoping for 30 percent unemployment for Congress in November!
Megan McArdle at The Atlantic see’s it this way 1) Thanks to reconciliation instructions, they needed to improve the budget impact by at least $1 billion in the sidecar. They improved it by exactly $1 billion. Which goes back to what I’ve now said several times: the CBO process has now been so thoroughly gamed that it’s useless. 2) The proposed changes increase spending dramatically, most heavily concentrated in the […]