IRS LOSES $67 MILLION OUT OF BILLION-DOLLAR OBAMACARE SLUSH FUND

[Geee]

Human Events:

ObamaCare’s having a troubled launch when it comes to health insurance and medicine, but it’s great at making the government larger. All kinds of money gets funneled to all sorts of agencies in this massive bill. The usual careless disregard for taxpayer loot follows this money as night follows day. No one in the federal government is ever going to care all that much about taking care of tax money until that money is treated as a valuable, finite resource whose rightful owners have a legitimate claim to it.

 

One of ObamaCare’s billion-dollar slush funds seems to be coming up a little light, as Americans for Tax Reform reports:

 

The IRS is unable to account for $67 million spent from a slush fund established for Obamacare implementation, according to a Treasury Inspector General for Tax Administration (TIGTA) report released today.

 

[Geee]

I can' believe they don't know what happened to this much money. I believe they spent it on some foolishness or something political that they don't want to fess us to.

[SrWoodchuck]

@Geee.........................it continues.....theft of the US Treasury: Up in smoke?

 

ATF misplaced 420 million cigarettes in stings. Yes. “Misplaced” *wink* http://iowntheworld.com/blog/?p=205124

 

WASHINGTON (AP) — Government agents acting without authorization conducted dozens of undercover investigations of illegal tobacco sales, misused some of $162 million in profits from the stings and lost track of at least 420 million cigarettes, the Justice Department’s inspector general said Wednesday.

 

In one case, ATF agents sold $15 million in cigarettes and later turned over $4.9 million in profits from the sales to a confidential informant — even though the agency did not properly account for the transaction.

 

The ATF’s newly-appointed director, B. Todd Jones, said the audit covered only selected, “historical” ATF investigations between 2006 and 2011, and said the agency had tightened its internal guidelines since then.

 

The audit described widespread lack of ATF oversight and inadequate paperwork in the agency’s “churning investigations,”

 

 

 

Via iOTW

[Geee]

@SrWoodchuck - Obama stockpiling them for when he is no longer President and doesn't have to pretend he quit smoking?