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opednews.com Headlined to H2 3/26/15

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Reprinted from Mike Malloy

From youtube.com/watch?v=-o-zPXB_F6Y: US Companies Avoiding Billions in Taxes
US Companies Avoiding Billions in Taxes
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Join us for our weekly tent revival, Truthseekers, and a peek at how government incompetence is further destroying America. It's not just the secret service.

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Wonder where your hard earned tax dollars go? So does the Washington Post. How hard it it to misplace over $100 billion, anyway? Hey -- it's DC, not Baghdad. We know how private contractors ripped us off there.

Read on:

"The federal government lost ground last year in reducing improper payments from programs such as Medicare, Medicaid and tax credits for the working poor, experiencing a nearly 18 percent increase in the costs.

"A report this week from the Government Accountability Office said the U.S. government forked over an estimated $124.7 billion to ineligible recipients in 2014, representing the first jump in four years."

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Then there's the $6 billion security fraud issue, as Huffington Post reports:

"Imagine you were President, or Speaker of the House, and one day you woke up and discovered that you had an extra $5.8 billion dollars to spend. What would you do with the cash? A new aircraft carrier (or half of one, anyway)? Perhaps a couple of bridges to somewhere or a new highway? A quaint premise, indeed, but not as far-fetched as you might think, considering the amount of money American taxpayers have been losing to taxpayer identity theft.

"The Treasury Department was drained of an estimated $5.8 billion in tax refunds by identity thieves filing fraudulent returns during the 2013 tax-filing season. True story, according to the Government Accountability Office, which delivered the bad news earlier this month. The IRS was able to prevent the loss of another $24.2 billion during the same time period.

"Earlier this month, the software giant Intuit temporarily suspended electronic filing of all state tax returns following a marked uptick in what appeared to be fraudulent filings. And with major data breaches like Anthem's recent debacle compromising Americans' Social Security numbers, identity thieves are getting their hands on all of the pieces of our personally identifying information they need to commit tax identity theft."

And the WaPo also reminds us about recent Pentagon "errors":

"The Pentagon is unable to account for more than $500 million in U.S. military aid given to Yemen, amid fears that the weaponry, aircraft and equipment is at risk of being seized by Iranian-backed rebels or al-Qaeda, according to U.S. officials.

"With Yemen in turmoil and its government splintering, the Defense Department has lost its ability to monitor the whereabouts of small arms, ammunition, night-vision goggles, patrol boats, vehicles and other supplies donated by the United States. The situation has grown worse since the United States closed its embassy in Sanaa, the capital, last month and withdrew many of its military advisers.

"In recent weeks, members of Congress have held closed-door meetings with U.S. military officials to press for an accounting of the arms and equipment. Pentagon officials have said that they have little information to go on and that there is little they can do at this point to prevent the weapons and gear from falling into the wrong hands."

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Ooh -- missing money and weapons! Double trouble, Truthseekers. And we are striking ISIS targets today . . . where?

 

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www.mikemalloy.com
Kathy never expected a career in radio as a talk show producer. Born and raised in Atlanta, Georgia, Kathy was completing her nursing degree when in 2001 - in an emergency - she was asked to fill in as the producer of Mike's program. Within a few (more...)
 

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