Thursday, October 29, 2015
JacksMars: Scary Science Fiction And Mars Movies For Hallowee...
JacksMars: Scary Science Fiction And Mars Movies For Hallowee...: http://www.space.com/30968-scariest-space-movies-list.html?cmpid=514648_20151029_54657356&adbid=659844721079005185&adbpl=tw&adb...
Wednesday, October 28, 2015
Jack's South America: Investors Bet On Change In Argentina
Jack's South America: Investors Bet On Change In Argentina: Investors bet on change in Argentina Benedict Mander in Buenos Aires Share Author alerts Print Clip Gift Articl...
Sunday, October 25, 2015
The Tres Reyes Hotel In Bariloche, Argentina-A Part of My Life For 25 Years
Everyone the Tres Reyes Hotel has a lot of memories for me. Exactly 25 years ago I was here with a woman from South Africa named Elsje Johanna Prasch. We had a wonderful time and the relationship did not work out. I had a broken heart for a while. In life it is so hard o find a good partner I had to wait 10 years after Elsje and I were here to find my wonderful partner in life-Elena.
Wednesday, October 21, 2015
Reflections On My Last Day In Rio de Janeiro and My First Night In Buenos Aires
Yesterday was my last day in Rio De Janeiro. I'm a lover of and collector of Brasilian music. I found an incredible shop called (ironically) Bossa Nova. I got some incredible new music. I relaxed on the beach and then had to leave to fly first to Sao Paulo. (The international terminal is incredible, by the way). I flew to Buenos Aires. That airport was disorganized. After clearing customs and immigration, I hired an excellent ramiss (upscale taxi driver) named Jose G. Arenas. As we left the airport, we got on the highway going to downtown Buenos Aires. We road was clogged with traffic and not moving. We first thought that a major traffic accident had happened. Closer observation showed that the main highway was closed off due to bon fires being set to shut down the highway. This was done by protestors unhappy with the Argentina economy and government. My driver was a very competent and honest man. He took me around all sorts of back roads with police cars everywhere with their lights flashing. Things were tense. I made it to the Hilton Hotel in Puerto Madero. I got checked in. I went downstairs to have dinner. It was a surreal feeling in the dining room. I felt like some British person dining at Raffles Hotel in Singapore in late 1941 or early 1942. I was having great food and wine. I was listening to beautiful music. Not faraway were some 140,000 Japanese soldiers who soon would end the privileged colonial life of the English there.
Wednesday, October 14, 2015
The True Story of Paul Alexander
http://zh.clicrbs.com.br/rs/noticias/noticia/2014/05/paul-lir-o-traficante-brasileiro-que-enganou-todo-mundo-4508784.html
Sunday, October 11, 2015
JacksMars: Whale Watching On Mars
JacksMars: Whale Watching On Mars: Curiosity rover: The reward for 'whale watching' on Mars Image copyright NASA/JPL-CALTECH/MSSS Image caption ...
Friday, October 9, 2015
The Number One Predictor Of Success In Love
http://globaleconomicanalysis.blogspot.com/2015/10/whats-1-predictor-of-success-in-love.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
Thursday, October 8, 2015
Jack's South America: Brasil's Watchdog Opens Way For Rousseff Impeachme...
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Wednesday, October 7, 2015
JacksMars: Dr. Robert Zubrin Talks About How Scientifically A...
JacksMars: Dr. Robert Zubrin Talks About How Scientifically A...: MARS SOCIETY ANNOUNCEMENT View this email in your browser How Scientifically Accurate is The Martian? Robert ...
Tuesday, October 6, 2015
Monday, October 5, 2015
JacksMars: Dr. Robert Zubrin Talks About The Movie The Martia...
JacksMars: Dr. Robert Zubrin Talks About The Movie The Martia...: MARS SOCIETY ANNOUNCEMENT View this email in your browser [Op-Ed] A Martian Odyssey: We Can Do It By Dr. Rober...
Since 2003 Fraudulent Medicare, Medicaid, EITC, Tax Refunds,etc Total $1 Trillion
Fraudulent Medicare, Medicaid, EITC, Tax Refunds, etc. Total $1 Trillion Since 2003
A huge chunk of your tax dollars every year goes straight into the pockets of crooks. Nearly one in three earned income credits (EIC) is fraudulent. And the numbers keep getting bigger every year according to the Government Accountability Office.
Please consider GAO: Feds Made Nearly $1 Trillion in Overpayments Since Fiscal 2003.
Please consider GAO: Feds Made Nearly $1 Trillion in Overpayments Since Fiscal 2003.
Government waste took a significant turn for the worse in fiscal 2014, rising dramatically to $124.7 billion from $105.8 billion in fiscal 2013.GAO Report
Since fiscal 2003, “cumulative improper payment estimates have totaled almost $1 trillion,” the Government Accountability Office (GAO) said in a new report.
U.S. Comptroller General Gene Dodaro testified Thursday on the GAO’s new findings (http://www.gao.gov/products/GAO-16-92T) before the Senate Finance Committee.
The GAO said three programs were most at fault: Medicare, Medicaid and the Earned Income Tax Credit (EITC).
The Earned Income Tax Credit program was the worst offender.
The Internal Revenue Service estimated that the program erroneously handed out $17.7 billion worth of “improper” payments. That amounts to a whopping 27.2 percent of the total $65.2 billion in EITC refund checks that the IRS sent out in fiscal 2014.
Medicare was nearly as bad. The program, which covers about 54 million elderly and disabled beneficiaries, incorrectly doled out $59.9 billion in fiscal 2014, which is about a tenth of its $603 billion budget.
So, one out of every $10 that Medicare spent last year was erroneous, the GAO found. Medicaid made $17.5 billion in mistaken payments out of its $304 billion budget, for a nearly 6 percent error rate.
Besides the EITC program, the federal programs with the highest reported error rates for fiscal 2014 included the School Breakfast program (25.6 percent) and the Farm Security and Rural Investment Act Programs (23.1 percent).
The GAO Report is called Addressing Improper Payments and the Tax Gap Would Improve the Government's Fiscal Position
Inquiring minds may wish to take a look.
Correct Term is Fraud
Writer Elizabeth MacDonald labeled this as "Overpayments" or "Waste". The GAO labels this as "improper payments".
Let's be more accurate, it's theft of taxpayer money via fraud.
Moreover the GAO numbers are dramatically understated. Disability fraud, not part of the GAO report, is rampant.
- States' Incentive to Promote Disability Fraud: States Have an Incentive to Promote (Not Stop) Disability Fraud; So How Much Fraud Is There?
- 14 Million on Disability: Unwilling to Work; 25% in Hale County AL Collect Disability, 14 Million Nationwide; A Simple Solution
- Why Work?: Why Work for $7.25 When Welfare Pays $15.00 in 12 States and $8.00 in 33 States? Is a Low Minimum Wage the Problem?
- Puerto Rico Fraud: Puerto Ricans Get U.S. Disability Benefits for Inability to Speak English; Disability Deal Explained
- Police and Fire Fraud: 102 Police and Firefighters Caught in Disability Scam
- Claims Hit Record: Disability Fraud Holds Down Unemployment Rate; Jobless Disability Claims Hit Record $200B in January
Clinton Ends Welfare "As We Know It"
Want to understand the huge spread in disability fraud? Look no further than Bill Clinton as explained in detail in link #1.
This all goes back to 1996 when president Clinton promised to "end welfare as we know it". Clinton did indeed do just that, and fraud is the result.
Why?
The federal government pays disability, but states pay part of welfare costs. This creates a huge incentive for states to actively promote disability fraud (simply to get people off state-sponsored welfare programs).
And that they have done. A primary example pertains to Hale County (see link #2).
25% of the people in Hale County Alabama collect disability. They are all tied to Hale county's Dr. Timberlake.
Dr. Timberlake asks a simple question to all his patients. "What grade did you finish?" If you claim "back pain" and do not have a degree, Timberlake believes you are disabled.
The GAO says "Old Age, Survivors, and Disability Insurance" claims are only 0.4% improper. Taking the above into consideration I would be shocked if the real percentage is under 33%. Indeed, 67% fraud is probably more like it.
And if so, what's the real dollar total?
Mike "Mish" Shedlock
image: http://i984.photobucket.com/albums/ae324/MISHGEA/BG%20Banner.png
Fraudulent Medicare, Medicaid, EITC, Tax Refunds, etc. Total $1 Trillion Since 2003
Posted by Michael Shedlock at 2:49 PM
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Last 10 Posts
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- Oct 04 at 9:43 PM Carly Fiorina's No-Fly Zone Proposal Now Viewed as Impossible; Good News, Bad News
- Oct 04 at 2:49 PM Fraudulent Medicare, Medicaid, EITC, Tax Refunds, etc. Total $1 Trillion Since 2003
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Fourth Quarter 2015 Preview: Time To Dig In
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Monday, October 5, 2015 5:26 AM EDT
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Monday, October 5, 2015 4:49 AM EDT
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Monday, October 5, 2015 3:38 AM EDT
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Monday, October 5, 2015 12:18 AM EDT
The Expectations Of A Fed Rate Hike Are Collapsing, Even In The Long Term
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Sunday, October 4, 2015 11:47 PM EDT
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Sunday, October 4, 2015 11:06 PM EDT
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Sunday, October 4, 2015 10:26 PM EDT
Long-term Relationships And Credit Scores
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Sunday, October 4, 2015 9:22 PM EDT
Sell And Hold
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Sunday, October 4, 2015 4:13 PM EDT
Fraudulent Medicare, Medicaid, EITC, Tax Refunds, Etc. Total $1 Trillion Since 2003
Article By:Mish Shedlock
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Sunday, October 4, 2015 4:06 PM EDT
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Sunday, October 4, 2015 4:01 PM EDT
ACTING MAN AUSTRIAN ECONOMICS DISCUSSION
DAVID STOCKMAN'S CONTRA CORNER
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- It’s The Entrepreneur That Saves An Economy – Not The Fed.
- $1 Trillion In Federal Overpayments—-Fraud In Medicare, Medicaid, EITC, Tax Refunds, Etc.
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Read more at http://globaleconomicanalysis.blogspot.com/2015/10/fraudulent-medicare-medicaid-eitc-tax.html#EvLEwmiLoHXAPpfM.99
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