As a follow up to my May 20th article, I have a new theory. The audacity and arrogance of our current government has reached heights that no one could have predicted. When the news came down last week that the IRS, while still under Congressional scrutiny was going to receive $70 million dollars in employee bonuses, I thought that I was listening to a late-show comedian telling a good joke.
It was no joke however. The truth is that yes, as ridiculous as it sounds, the IRS is scheduled to receive $70 million MORE of tax money to pay them for “a job well done”. Jumping out in front of all of this was Sen. Chuck Grassley (R.-Iowa) who argued that the government cutbacks caused by sequestration were supposed to stop these sorts of bonuses. In fact, the Office of Management and Budget has told government agencies to hold off on discretionary awards while under sequester.
Daniel Werfel who replaced Stephen Miller, who replaced Douglas Shulman as acting commissioner to the IRS has assured Congress and the American people that “big changes are coming to the IRS.” As recently as June 3, he seemed to win the confidence of members of the GOP when he put Lois Lerner on administrative leave and he pledged to be forthcoming with Congress.
What a difference two weeks make. Not only are things not changing, they seem to be getting worse. First of all, he missed the deadline directed by the White House for a 30 day report of the agency. The deadline came and went and now it “supposedly” will be ready by the end of June. Next came the news of the employee bonuses which is causing outrage among members of Congress and the American people.
This begs the question; why would certain IRS employees get more hefty bonuses when they have proven themselves to be nothing but incompetent?
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for October 24th, 2014 | John Ransom
In Other News: List of "Useless Government Spending" Strangely Doesn't Include Biden's Salary | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 22nd, 2014 | John Ransom
In Other News: Massachusetts School Board Moves to the Right of Democrats - Becomes Socialist | Michael Schaus