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Oops! $67 million missing from IRS Obamacare slush fund

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What would happen to any private company that came up $67 million short when the IRS came calling?

Not short as in revenues were less than expected. Not short as in expenses were higher than anticipated.

unclebillyNo. Short as in gone. Short like, Uncle Billy just can’t find that $8,000. Short like,pockets turned inside out, the building-and-loan office ransacked and “Where is that money, you silly, stupid old fool?”

That kind of short.

Well, if the company is actually the IRS itself, and the $67 million was to promote the Obamacare assault on America it’s in charge of, it says “sorry, can’t find that $67 million, but we’ll try to make sure it doesn’t happen again.”

And hope nobody at the New York Times notices.

That’s pretty much what happened this week when the Treasury Inspector General for Tax Administration released a report showing the IRS couldn’t account for $67 million that was supposed to go toward implementing Obamacare – the labrynthine bureaucracy that’s only days away from the “train wreck” prophesied by one of its chief authors, retiring Sen. Max Baucus of Montana.

Here’s what the report states about how the IRS used its “Health Insurance Reform Implementation Fund” – the money it’s spending to kick off the Affordable Care Act, more honestly known as Obamacare.  (The relevant sentences are quoted in full, with the governmental acronyms, so there’s no cherry-picking. Emphasis is added.)

“TIGTA also found that the IRS did not track all costs associated with implementation of the ACA including costs not charged to the HIRIF. Specifically, the IRS did not account for or attempt to quantify approximately $67 million of indirect ACA costs incurred for Fiscal Years 2010 through 2012.  Indirect costs include, for example, providing employees with workspace and information technology support.”

The IRS “did not account for or attempt to quantify” how it spent $67 million over two years.

And how did it get covered in the still-Obama-philic mainstream media? Try googling “IRS 67 million” and see what comes up.

Americans for Tax Reform broke the story. The Daily Caller picked it up and various right-wing websites had pieces on it.

(Best summary was at politicaljack.com: “I know $67 million represents merely a halfway decent vacation for the first family, but for some people, that’s still a lot of money.”)

In the mainstream media? Barely a blip.

And the dishonest, Obamacare-cheering “Newspaper of Record?” Not a word.

Again, that’s $67 million: not present and not accounted for  by the people who are supposed to be in charge of getting Obamacare on track. And the loss isn’t even considered worthy of note by the mainstream media that helped push this thing down our throats.

“Train wreck” doesn’t begin to do this justice.

 

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