The “Stimulus” That Keeps On Sucking

It’s bad enough that we borrowed a trillion dollars from China to waste on a “stimulus” program that actually destroyed 595,000 jobs, but it turns out that we lavished $24 billion of the massively useless pork potpourri on tax criminals! How cool was that?

Stimulus recipients found to be tax cheats

One construction company that won multiple awards of money under President Obama’s 2009 stimulus program was delinquent on its federal tax bill to the tune of $700,000, even as a company executive was blowing hundreds of thousands of dollars at casinos.

Yet another company failed to pay taxes, entered into a payment plan with the Internal Revenue Service, and then repeatedly defaulted on that agreement – and still won stimulus contracts worth more than $1 million, according to a Government Accountability Office report released Tuesday.

All told, government investigators found that during the period they examined, one out of every six stimulus contract or grant dollars went to a known tax cheat, according to Sen. Tom Coburn, an Oklahoma Republican who, along with several colleagues, requested the GAO review.

The review found that at least 3,700 stimulus recipients owed a total of more than $757 million in taxes, but were awarded $24 billion in stimulus money.

Read the report:

Thousands of Recovery Act Contract and Grant Recipients
Owe Hundreds of Millions in Federal Taxes

See also:
Report: Stimulus recipients owe $750 million in taxes
Companies that got stimulus money owe millions in back taxes
Stimulus contractors owe millions in back taxes
Stimulus Recipients Owe Back Taxes
Report: Stimulus Recipients Owe Hundreds Of Millions In Taxes
Stimulus money recipients owe billions in US taxes-GAO
GAO Report: 3,700 Stimulus Fund Recipients Owe Millions in Taxes
GAO Voices Concerns (Again) About Contracts, Grants Awarded to Delinquent Taxpayers
Senators: Tax delinquency issue larger than stimulus
Report: Tax dodgers pocketed $24B+

Now, you need to ask yourself, if the Obama administration was this incompetent that they gave $24 billion to known tax cheats, just how inept were they in frittering away the rest of the trillion dollars? If they couldn’t even catch the obvious gaming of the “stimulus” program, how much more undetected abuse and fraud is out there? I bet it totals in the hundreds of billions. And you, your children and grandchildren will get stuck paying for Obama’s “stimulus” folly, because we borrowed the trillion he wasted.

/Obama, putting the boon in boondoggle

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Obama Lied, Your Health Care Plan Died

Remember this talking point, repeated ad nauseam?

Well, guess what, are you sitting down? Obama lied, what a shocka!

Friday night news dump: White House says 51 percent of company health plans won’t meet Obamacare guidelines

At Investor’s Business Daily, Sean Higgins and David Hogberg have a doozy of a story:

Internal White House documents reveal that 51% of employers may have to relinquish their current health care coverage by 2013 due to ObamaCare. That numbers soars to 66% for small-business employers.

The documents — product of a joint project of the Labor Department, the Health and Human Services Department and the IRS — examine the effects new regulations would have on existing, or “grandfathered,” employer-based health care plans.

Draft copies of the documents were reportedly leaked to House Republicans earlier in the week. Rep. Bill Posey, R-Fla., posted them on his Web site Friday afternoon. (View the full report here.)

The Associated Press is also on the story. Even they can’t ignore the dishonesty that was used to sell the health care overhaul:

Over and over in the health care debate, President Barack Obama said people who like their current coverage would be able to keep it.

But an early draft of an administration regulation estimates that many employers will be forced to make changes to their health plans under the new law. In just three years, a majority of workers — 51 percent — will be in plans subject to new federal requirements, according to the draft.

See also:
Administration: 51% Of Companies’ Health Plans Won’t Pass Muster
Health overhaul to force changes in employer plans
Health-care rules may force some to change coverage, leaked document suggests
Draft Health Rules Set Hurdles
Keep Your Health Plan Under Overhaul? Probably Not, Gov’t Analysis Concludes
Health overhaul to force employer plan changes
ObamaCare Vindication Watch: Majority of Workers Will Have to Change Health Coverage
Interim Final Rules for Group Health Plans and Health Insurance Coverage Relating to Status as a Grandfathered Health Plan under the Patient Protection and Affordable Care Act

Well, Obama and the Democrats passed Obamacare without reading it and now we’re sure as hell finding out what’s in it and it’s getting worse by the day.

/hey, you [expletive deleted] up, you elected them

Can We Call It The Biggest Boondoggle In American History Yet?

Obama and the Democrats lied, ObamaCare is going to cost way more than if they had passed nothing? Say it ain’t so! Seriously, what sane person didn’t see this coming? The really scary part is, it’s only going to get much worse.

CBO Hikes ObamaCare Cost Estimate By $115 Billion

Better sit down, because you are in for a “shock”: ObamaCare will cost more than previously thought.

The Congressional Budget Office today released an analysis of discretionary spending in the law, and found that those costs will “probably exceed” $115 billion over 10 years.

At a stroke, that erases almost all of ObamaCare’s $143 billion in budget savings based off rushed, incomplete CBO projections given just before the decisive House vote in March.

Of course, that original forecast also assumed politically poisonous Medicare cuts and numerous other budget tricks. But, continuing to set those issues aside, the CBO suggests even its surplus forecast may prove ephemeral.

The new estimate includes the costs of administering the law by the IRS and the Dept. of Health and Human Services, and the cost of “future appropriations for a variety of grant and other program spending for which the act identifies the specific funding levels it envisions for one or more years.”

Yet there are other programs for which “no specific funding levels are identified in the legislation,” and the CBO couldn’t estimate the cost of those. The smart money says those costs will exceed $28 billion.

See also:
CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director, May 11, 2010
Discretionary Spending in the Final Health Care Legislation
Health overhaul law potentially costs $115B more
Health Overhaul Law Potentially Costs $115B More
CBO ups health care cost projections
CBO revises estimate on reform law costs
Republicans jump on new CBO score to blast health reform bill
Consequences of health care law coming to light

The sooner we toss out enough Democrats and elect Republicans instead, the sooner we can get rid of or at least modify this incomprehensible, money devouring mountain of [expletive deleted].

/vote like you mean it in November, this Democrat induced travesty is coming out of your wallet

ACORN Takes A Shot At The Messengers

Who said there’s no such thing as bad publicity? The discovery process alone ought to be quite revealing. One thing’s for sure the money and pro bono lawyers will pour in to defend this lawsuit.

ACORN sues filmmakers

ACORN filed suit Wednesday in Baltimore, Maryland, against two filmmakers who secretly recorded videos embarrassing to the agency, claiming the pair violated state law by recording their conversations without permission of the employees involved.

The lawsuit seeks an injunction preventing the further distribution of the videos.

The recordings represented “clear violations of Maryland law that were intended to inflict maximum damage to the reputation of ACORN,” the community organizer’s attorney, Arthur Schwartz, said. “Unfortunately, they succeeded.”

Defendants James O’Keefe and Hannah Giles, conservative activists posing as a pimp and a prostitute seeking advice on setting up a brothel with underage girls from El Salvador, recorded the videos in Baltimore and three other cities.

Breitbart.com, registered to Washington Times conservative commentator Andrew Breitbart, is a co-defendant in the lawsuit. Contacted by CNN, Breitbart had no comment on the suit. O’Keefe and Giles did not respond to requests for comment.

See also:
ACORN Sues O’Keefe, Giles and Breitbart.com
ACORN Sues Makers of Hidden Camera Videos
ACORN Vows ‘Serious’ Internal Probe, Sues Filmmakers
ACORN sues hidden-camera filmmakers
ACORN sues Bretibart, ‘pimp, hooker’ duo
ACORN sues undercover filmmakers

Meanwhile, the ground continues to shift underneath ACORN’s foundation as the fallout from “Hookergate” continues to take its toll.

IRS severs ties with ACORN over scandal

The IRS says it is severing ties with ACORN, the community activist group involved in a scandal after employees were caught on video giving advice to a couple posing as a prostitute and pimp.

The Internal Revenue Service said Wednesday it would no longer include ACORN in its volunteer tax assistance program. The program offered free tax advice to about 3 million low- and moderate-income tax filers this spring.

The IRS said ACORN, which is short for the Association of Community Organizations for Reform Now, provided help on about 25,000 returns.

The House and Senate voted earlier this month to sever federal funding to ACORN. And the Census Bureau severed its ties with the group for the 2010 national head-count.

Liberal Dem blasts ACORN

A leading liberal Democrat in the House blasted the embattled community organizing group ACORN Wednesday and said he is urging the White House to withhold any federal funding for the group.

“I am very disappointed in the actions that were taken by members of ACORN,” Massachusetts Rep. Barney Frank, Chairman of the House Financial Services Committee, said in a statement Wednesday, “and I do not believe that ACORN’s response has been adequate for an organization that has received public funding.”

Frank also said in the statement that he is urging the Obama administration to withhold any additional funding for ACORN “at least until there is very firm evidence that the abuses of which ACORN members have been guilty have not only ceased, but that procedures are in place to prevent them from happening again.”

See also:
IRS, ACORN Sever Ties Over Scandal
IRS, ACORN sever ties over scandal
IRS severs ties to ACORN in wake of latest scandal
I.R.S. Severs Acorn Ties; Group Sues Over Video
Barney Frank flees ACORN
Frank turns against ACORN
Barney Frank, D-Mass: Time to de-fund ACORN
Barney Frank on Acorn
It Was Fraud, Fraud, Fraud, ‘Til Congress Took The Money Away
ACORN Roasting On A Simmering Fire

And ACORN wants even more publicity by filing a lawsuit? Bring it on! Then again, I’m not the one being sued.

/anyway, I know which side I’m rooting for, I hope they get a jury trial and it’s televised

ACORN Roasting On A Simmering Fire

UPDATE:

House GOP to call for total cutoff of federal funds to ACORN

Today House Republicans will introduce a bill that would end all federal funding to ACORN and its affiliates. Republicans are also sending a letter to President Obama on the same subject.

The action comes after the release, on the website BigGovernment, of three undercover videos showing ACORN employees in Baltimore, Washington DC, and New York City offering advice on how to evade taxes, cover up prostitution activity, and abet the use of minors in prostitution. In the wake of those disclosures, the U.S. Census cut its ties with ACORN, and yesterday the Senate voted 83-7 to cut off housing funds for the organization.

House Republicans point out that they have long pushed for a cutoff in government funding for ACORN. Republican leader John Boehner last year sent a letter to President Bush asking for the defunding of ACORN. There is already Republican legislation calling for the total cutoff of Housing and Urban Development Department funds to ACORN, and Rep. Darrell Issa, the ranking Republican on the House Oversight and Government Reform Committee, took a leading role in pushing for the Census Bureau decision.

/will the House go on record too or will Pelosi try and block a vote?

Even though the Obama supporting mainstream media is doing their best to ignore it, in the wake of the “Hooker Hat Trick”, it’s getting really hard to ignore the political and social mendacity of ACORN. At least some in government are figuring out that associating with ACORN is the moral and political equvalent of wet crapping your pants in a public place, something you hope to avoid at all costs. First they came for ACORN’s 2010 census payoff for corruptly helping Democrats get elected and took away that gravy train.

Census Bureau Cuts Its Ties With Acorn

The U.S. Census Bureau on Friday dropped Acorn as a partner for the 2010 Census after two separate hidden-camera videos captured four employees of the community organization giving tax advice on running a brothel to a man posing as an aspiring politician and a woman posing as his girlfriend and a prostitute.

The Census Bureau earlier this year signed up the Association of Community Organizations for Reform Now, one of the nation’s largest community groups, as a national partner for the decennial census, a role that entails helping to publicize the importance of the count and encouraging people to participate.

In a letter to Acorn President Maude Hurd, Census Director Robert Groves said Acorn had become a distraction.

And now, after ACORN has been busted three times (so far), in three different cities, advising undercover filmakers to defraud government, law enforcement, the IRS, and commit sundry other felonies, even the Senate has seen and smelled the societal gangrene that ACORN practices on a daily basis. Even Senate Democrats can’t stand the stench any longer.

Senate votes to deny funds to ACORN

The Senate voted Monday to block the Housing and Urban Development Department from giving grants to ACORN, a community organization under fire in several voter-registration fraud cases.

The 83-7 vote would deny housing and community grant funding to ACORN, which stands for the Association of Community Organizations for Reform Now.

The action came as the group is suffering from bad publicity after a duo of conservative activists posing as a prostitute and her pimp released hidden-camera videos in which ACORN employees in Baltimore gave advice on house-buying and how to account on tax forms for the woman’s income. Two other videos, aired frequently on media outlets such as the Fox News Channel, depict similar situations in ACORN offices in Brooklyn and Washington, D.C.

The Senate’s move would mean that ACORN would not be able to win HUD grants for programs such as counseling low-income people on how to get mortgages and for fair housing education and outreach.

Sen. Mike Johanns, R-Neb., said that ACORN has received $53 million in taxpayer funds since 1994 and that the group was eligible for a wider set of funding in the pending legislation, which funds housing and transportation programs.

See also:
Census Bureau Drops Acorn From 2010 Effort
US Census Bureau Severs Ties with ACORN for 2010 Census, Fears Group’s Bad Reputation Could Undermine Count
FOX: Census Bureau severs ACORN partnership for 2010 Census
After Census Severs Ties, ACORN May Face Scrutiny of Housing Grants
Senate Votes 83-7 to Block Funds to Acorn
U.S Senate denies funds for poverty group
Senate Votes to Cut Off ACORN Housing Funding
Senate Votes to Bar Funding for Acorn
In wake of hidden camera scandal, Senate votes to deny funds to ACORN
Senate de-funds ACORN, but seven stand by them
ACORN Story Grows But Mainstream Media Refuse to Cover It
ACORN scandal growing, third video made public
Bartlett calls for probe of ACORN over videos
‘ACORN Versus Conservatives’ A Battle To The Death?
All The News That’s Fit To Hide
Criminals For Obama
More ACORN Criminal Activity
Census Fun For Criminals
Knock Knock . . . Who’s There?
Porkapalooza Paying For ACORN To Break The Law (Again)

It’s crystal clear that ACORN systematically engages in widespread fraudulent and criminal activity. It’s also clear that ACORN is a wholly owned integrated subset of the Democrat party, hardly the “non-partisan” entity ACORN claims to be. Don’t believe me? Well, let’s ask Bertha Lewis, the Chief Organizer of Acorn.

Hopefully, non-devious people with half an ounce of moral character will keep up the pressure on ACORN. It’s an organization that crosses every legal, moral, and political boundary in furtherance of the Democrat party. It’s time to make ACORN go away and cutting off all federal funding is a good start.

How much ya wanna bet yet another ACORN “hooker” tape comes out tomorrow?

/any charity/social services work that ACORN still does can easily be picked up by legitimate private charities and social service organizations that don’t violate the law on a daily basis and don’t pledge allegiance to Obama and the Democrat party

A Really Bad Day For Rich Tax Cheats

Fess up or go to jail.

UBS to Give 4,450 Names to U.S.

Swiss bank UBS AG will hand over some 4,450 names of U.S. account holders as part of a U.S.-Swiss tax-evasion settlement and investigation that could produce a total 10,000 account identities.

UBS and the governments of the U.S. and Switzerland agreed on a final settlement last week, but the details weren’t made public until Wednesday. UBS isn’t expected to pay a monetary fine as part of the settlement.

Separately, the Swiss government said it is exiting its six-billion Swiss franc ($6.46 billion) investment in the bank, made as part of a rescue package the height of the financial crisis. It was lining up investors to buy its 332 million shares late Wednesday, and the sale was expected to be completed soon.

No details on the sale price were given. The government needs to sell the shares at around 13 francs each to break even on its investment, bankers say. The announcement came well after stock markets had closed. UBS shares shed 0.9% to 16.90 francs in Zurich.

As part of the tax settlement, U.S. tax authorities will file a treaty request with the Swiss government to obtain the data on the American UBS clients, IRS Commissioner Doug Shulman said on a conference call with reporters. The Swiss government will then direct UBS to turn over the account data to the IRS, the agency said.

Mr. Shulman said the legal agreement allowed the IRS to obtain substantially all the information it was interested in.

He said the criteria used to select the 4,450 accounts to be turned over are being kept confidential. Lawyers involved in representing UBS clients believe that violations of Swiss law would be a factor.

Swiss Justice Minister Eveline Widmer-Schlumpf said the agreement fully complies with Swiss law and doesn’t violate banking secrecy, which she emphasized isn’t meant to protect criminal behavior.

“With this agreement, we have managed to avoid a conflict between the sovereignty of two states,” Ms. Widmer-Schlumpf said.

The U.S. will drop the John Doe summons it was pursuing to get access to 52,000 sets of client data as part of the settlement, the Swiss government said in a statement.

Mr. Shulman said the IRS would be receiving information on various account types with a wide range of dollar values. UBS will turn over data on bank accounts, custody accounts, securities accounts and accounts that were set up as sham trusts, he said.

The total of 10,000 identities is a figure the IRS expects to have by Jan. 1. That includes the 4,450 names being turned over by UBS. That number includes the 250 names produced by UBS as part of a $780 million criminal settlement reached with the Justice Department in February. It also includes UBS clients expected to come forward through a special IRS disclosure program where UBS clients acknowledge unpaid income tax. The IRS declined to say how many will use that program. Additional identities could stem from leads generated from the 4,450 accounts or the voluntary disclosures.

If the total identities do reach 10,000, it would represent a staggering number of Americans who banked with UBS and now are having to have their identities revealed.

US says building criminal cases against UBS clients

The United States is building criminal cases against more than 150 American clients of Swiss bank UBS as part of a crackdown on tax evasion now made easier by a deal over access to secret account information.

U.S. prosecutors gave their first official confirmation of the initial number of criminal investigations in a filing on Tuesday with a federal court in Fort Lauderdale, Florida. The number of criminal probes is widely expected to mushroom soon.

In the same court document, the prosecutors requested a sharply reduced prison sentence for ex-UBS banker Bradley Birkenfeld, a key informant in the ongoing U.S. prosecutions of wealthy American clients of UBS.

See also:
UBS, IRS Reach Tax Pact
Swiss Government Says UBS, IRS Tax Pact Within Swiss Bank Law
IRS wins a skirmish in the war on wealth
Names Deal Cracks Swiss Bank Secrecy
UBS Case Shows IRS ‘Is Going To Be Relentless’ In Going After Tax Evaders
150 Americans targeted in UBS Swiss bank tax-evasion case
Over 150 UBS Clients Face US Tax-evasion Probe: Reports
U.S. Builds Crime Cases on Clients of UBS
US preparing to prosecute 150 UBS account holders
150 US clients of UBS investigated
UBS
Internal Revenue Service
United States Department of Justice
Prison Ahead For Rich And Famous People

It’s too late to file amended tax returns.

/better hurry up and try to plead guilty and beg for leniency, because all that money saved by evading taxes is worthless in prison

Prison Ahead For Rich And Famous People

UBS Will Disclose Names, Pay $780 Million to End U.S. Tax Case

UBS AG, Switzerland’s largest bank, will pay $780 million and disclose the names of some secret account holders to avoid U.S. prosecution on a charge that it helped thousands of wealthy Americans evade taxes.

The Justice Department accused UBS of conspiring to defraud the U.S. by helping 17,000 Americans hide accounts from the Internal Revenue Service. The U.S. will drop the charge in 18 months if the bank reforms its practices, helps prosecutors and makes payments. UBS will immediately turn over names of about 250 clients, according to people familiar with the matter.

By gaining those names, the U.S. will pierce the veil of Swiss bank secrecy. The IRS, which has sought the names of all U.S. account holders since July, has met resistance from the Swiss government. The final number of account holders Zurich- based UBS must disclose will hinge on future legal battles, according to the agreement.

See also:
UBS AG
UBS to Pay $780 Million Over U.S. Tax Charges
UBS admits helping tax evaders
UBS AG to provide details on U.S. clients to avoid prosecution
United States Department of Justice
Internal Revenue Service

So much for age old myth of the impenetrable secrecy of Swiss bank accounts.

/this is going to be a huge ongoing scandal, I can’t wait until they actually start naming names