Thursday, September 26, 2013

Treasury Inspector General Says IRS Cannot Account for $67 million in Allocated Funds

BALTIMORE, Maryland September 26, 2013 - IRS cannot account for $ millions allocated to implement obamamess: Some $67 million in allocated funds cannot be accounted for by the IRS.  The money was allocated to the IRS to implement obamamess, also known as obamacare or the Affordable Care Act.  The obama administration was so concerned that the legislation was too complicated to be implemented smoothly that it allocated millions of dollars to teach Americans how to apply for health insurance coverage under the law.  Now, the Inspector General for the Treasury Department says $67 million of those funds cannot be accounted for by the Government Agency receiving the funds.  That agency is the IRS. According to the Drudge Report, "the IRS did not account for or attempt to quantify approximately $67 million of indirect ACA costs incurred for Fiscal Years 2010 through 2012." Much of the abuse was due to "travel expenses," Drudge quoted the Inspector General as reporting.  "ACA" is the Inspector General's accronym for the Affordable Care Act.


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