Was bin Ladin in the IRS Files for Obamacare?

I remember very well saying a few years ago that any foreigner, including Usama bin Ladin could get Obamacare benefits. Never understood how true my conclusions were. Further, there was a movement in the House to impeach the IRS Commissioner. Then we learned that more hard drives have been destroyed, others were found in storage and billions in refunds went to a handful of same mail address locations in obscure places outside the United States.

Not only is Obamacare a failure itself, but it really does not become full law until 2017 and it is a law we can no longer begin to afford when the IRS cant recover bogus subsidies to illegals.

Fasten your seat belt.

Senate report: Illegal immigrants benefited from up to $750M in ObamaCare subsidies

FNC: Illegal immigrants and individuals with unclear legal status wrongly benefited from up to $750 million in ObamaCare subsidies and the government is struggling to recoup the money, according to a new Senate report obtained by Fox News.

The report, produced by Republicans on the Senate Homeland Security and Governmental Affairs Committee, examined Affordable Care Act tax credits meant to defray the cost of insurance premiums. It found that as of June 2015, “the Administration awarded approximately $750 million in tax credits on behalf of individuals who were later determined to be ineligible because they failed to verify their citizenship, status as a national, or legal presence.”

The review found the credits went to more than 500,000 people – who are either illegal immigrants or whose legal status was unclear due to insufficient records.

The Centers for Medicare and Medicaid Services confirmed to FoxNews.com on Monday that 471,000 customers with 2015 coverage failed to produce proper documentation on their citizenship or immigration status on time – but stressed that this does not necessarily mean they’re ineligible.

“Lack of verification does not mean an individual is ineligible for financial assistance, but only that a Marketplace did not receive sufficient information to verify eligibility in the time period outlined in the law,” CMS spokesman Aaron Albright said.

The Senate report also accused the administration of lacking a solid plan to get that money back – and predicted that in the end, the IRS will be “unable to fully recoup the funds.”

“The information provided to the Committee by the IRS and HHS reveals a troubling lack of coordination between the two agencies … and demonstrates that the IRS and HHS neglected to consider how they would recover these wasteful payments,” the report says.

Under the law, the feds can dole out these payments on a temporary basis if a recipient’s legal status is unclear, but are supposed to cut off funding and coverage if the recipient does not later come up with the paperwork. Up to a half-million “ineligible” people, according to the report, applied in this way — with their credits paid in advance to the insurers. The IRS, though, is supposed to get overpayments back from the individuals themselves.

The Senate report, based on a review launched by committee Chairman Sen. Ron Johnson, R-Wis., derisively describes this approach as “pay and chase.”

In other words, the Centers for Medicare and Medicaid Services pays credits and subsidies to the insurance companies on behalf of the applicants – and the feds then “chase” after any overpayments to ineligible people once they are discovered.

“This ‘pay and chase’ model has potentially cost taxpayers approximately $750 million,” the report says. The 500,000 individuals in question have been removed from coverage, according to the findings, as the government seeks to get the money back.

The Senate report says the IRS and HHS initially failed to coordinate on a plan for recouping funds, and claimed that a subsequent plan from the IRS to recoup the money is still “ineffective and insufficient.”

In a July letter to Johnson, IRS Commissioner John Koskinen assured that the agency is “committed to identifying and efficiently addressing” improper payments. He reiterated that anyone “not lawfully present” who enrolls for ObamaCare coverage “must repay” the advance premium credit payments, and would be breaking the law if they don’t.

Obama Going for it All Including Moon Shot

There are organizations out there trying to get some great bills passed. Too bad they wont affect Obama himself. But when it comes to Congress wanting a pay raise, how about a Fiscal Responsibility Act first?

Obama’s go-for-broke budget

Congress has already dismissed the proposal, sight unseen.

Politico: President Barack Obama may be a lame duck, but his aggressively liberal final budget request coming Tuesday will show he’s far from a mute one.

Even as Hillary Clinton and Bernie Sanders quarrel over who’s a “progressive” and who’s not, the president will propose a sweepingly progressive policy agenda that includes a $10-a-barrel oil tax, an expensive Medicaid expansion, a $4 billion initiative to promote computer science in public schools and the first down payment on a “moon shot” research initiative to cure cancer led by Vice President Joe Biden.

Never mind that Congress, in a break with tradition, said it won’t even hold hearings on this year’s budget request. That’s because the request “will continue to focus on new spending proposals” instead of tackling “our $19 trillion in debt,” Senate Budget Committee Chairman Mike Enzi (R-Wyo.) said last week. Complete details on proposed total spending, projected deficits and other information will be released Tuesday morning.

Given Congress’ sight-unseen dismissal, the president’s go-for-broke strategy makes sense, said Peter Orszag, who was White House budget director during Obama’s first term and director of the Congressional Budget Office before that.

“If the document is legislatively irrelevant,” Orszag said, “you might as well use it to expand the policy dialogue and lay out sensible proposals even if they will not become law this year or next.” This year’s budget proposal “lays the groundwork for Democrats to refine and embrace a more ambitious legislative agenda over time.”

Lame-duck presidential budget requests nearly always receive catcalls from Congress, especially when it’s controlled by the opposite party.

In February 2008, then-Speaker Nancy Pelosi scored President George W. Bush’s “misguided” final budget for cuts in health care and energy assistance and a too-large budget deficit. The final product was a mashup from Congress, the outgoing Bush administration and the incoming Obama administration. It yielded a $1.4 trillion deficit — the largest in U.S. history, in large part because of the financial crisis. The current deficit is an estimated $544 billion.

President Bill Clinton’s final budget, submitted in February 2000, was less contentious, in part because it adhered to a 1997 agreement with the Republican-controlled Congress on debt reduction. Clinton had the opposite problem: His budget’s spending levels were judged too high, and its budget surplus — which ended up being $1.3 billion — drew sharp criticism from Republicans, including candidate Bush, who wanted to return it to the public in the form of tax cuts. The novel problem of a budget surplus proved short-lived; it vanished the following year, and hasn’t been heard from since.

Where Obama’s lame-duck policy agenda differs, suggests presidential historian Michael Beschloss, is in the scope of its ambition. “Modern presidents have tended to focus on a particular project” in their last year, Beschloss said — “for instance, Eisenhower and Reagan trying to wind down the Cold War, or Johnson trying to find peace in Vietnam.” But Obama is different. He’s “looking for ways in his final year to pursue an agenda on many fronts” in hopes not only of “getting something done” but also “nudging his successor to do certain things.”

It is the policy, perhaps, of a departing president who — given this year’s unusually chaotic GOP primary race — feels more confident than most that his party will keep the White House.

The boldest of all the budget proposals is the $10-a-barrel crude oil tax. Energy taxes are always a hard sell — nobody’s raised the federal gasoline tax, for instance, since 1993 — and although consumers may be less resistant because of low pump prices, oil companies will be more so because falling gas prices have them reducing exploration and laying off workers.

The revenues would go not toward deficit reduction, but toward more green forms of transportation such as subways, buses and light rail. House Ways and Means Chairman Kevin Brady immediately denounced the plan as a “horrible idea” and a “waste of time,” and even some congressional Democrats will likely oppose it. But environmentalists are greeting it as an overdue down payment on reducing emissions that contribute to climate change. Sierra Club Executive Director Michael Brune said it “underscores the inevitable transition away from oil.”

The president’s proposed Medicaid expansion would extend the Affordable Care Act’s promise of three years’ full federal funding for ACA-created Medicaid coverage, which expires this year. The proposal is an inducement to the 19 states that continue not to participate in the program, which was created for families whose incomes were too low to qualify for federal subsidies to purchase private insurance plans through Obamacare exchanges.

Under the budget proposal, states would still get only three years’ full federal funding, after which they would gradually have to pick up 10 percent of program costs. The carrot is that they would no longer have to act by the end of 2016. A stick originally envisioned by the ACA’s authors — that states could not refuse the ACA Medicaid expansion without withdrawing from Medicaid entirely — was itself swatted away in the Supreme Court’s 2012 ruling that otherwise upheld Obamacare. The new extension is a rebuke of sorts to House Republicans who have voted repeatedly to repeal Obamacare and who last month sent to the White House a repeal bill that for the first time passed both the House and Senate — which the president promptly vetoed.

The budget’s new K-12 computer science program isn’t intrinsically partisan — both Democrats and Republicans favor enhancing school kids’ computer skills, not to mention big tech companies like Microsoft. But its $4 billion price tag raises GOP hackles, as does the notion of attaching more strings to federal aid to schools. “Rather than calling for additional federal programs or new funding streams,” an aide to Health Education Labor and Pensions Committee Chairman Lamar Alexander (R-Tenn.) complained, “the president can help students by using his bully pulpit to highlight states working in innovative ways to help their children succeed.”

The “cancer moon shot” is similarly uncontroversial in theory; after all, it was President Richard Nixon, a Republican, who proposed waging a federal “war on cancer” back in 1971. But the down payment of nearly $1 billion that the White House seeks is high, and congressional Republicans won’t like that the plan would largely bypass the appropriations process and give Vice President Joe Biden a relatively free hand in allocating some of the funds. In addition, the plan would compel medical researchers to quicken the pace at which they share data, an idea that is already receiving considerable pushback in academia. Jeffrey Dazen, editor of the esteemed New England Journal of Medicine, publicly decried the use of medical research by “data parasites.”

The likelihood of legislative action on any of these agenda items is virtually nil.

Still, observes Rutgers historian David Greenberg, author of a new book about presidential spin: “No one wants to admit that the last year will be an uneventful one.”

Read more: http://www.politico.com/story/2016/02/obamas-radical-final-budget-218944#ixzz3zbtYLPAO

Read more: http://www.politico.com/story/2016/02/obamas-radical-final-budget-218944#ixzz3zbtQUHcX

 

Read more: http://www.politico.com/story/2016/02/obamas-radical-final-budget-218944#ixzz3zbtHTeC9

 

Read more: http://www.politico.com/story/2016/02/obamas-radical-final-budget-218944#ixzz3zbt9O7NB

 

Read more: http://www.politico.com/story/2016/02/obamas-radical-final-budget-218944#ixzz3zbt2eChp

Watch Out America, Venezuela a Failed State

Venezuela Is About to Go Bust

Nagel/ForeignPolicy: Venezuela’s economy is facing a tsunami of bad news. The country is suffering from the world’s deepest recession, highest inflation rate, and highest credit risk — all problems aggravated by plunging oil prices. Despite all its troubles, though, until now Venezuela has kept making payments on its $100-billion-plus foreign debt.

That is about to end. In recent days a consensus has emerged among market analysts:

Venezuela will have to default. The only question is when.

Venezuela will have to default. The only question is when.

A Venezuela meltdown could rock financial markets, and people around the world will lose a lot of money. But we should all save our collective sympathy — both the government in Caracas and the investors who enabled it had it coming.

In the last few years, the Venezuelan government has been steadfast about staying in good graces with its lenders. It has paid arrears on its debt religiously, and has constantly asserted that it will continue paying.

But it has neglected to implement the reforms Venezuela would need to improve the fundamentals of its economy. Its commitment to socialist “populism” and the complicated internal dynamics within the governing coalition have paralyzed the government. It has repeatedly postponed important reforms like eliminating its absurd exchange rate controls (the country has at least four exchange rates) or raising the domestic price of gasoline (the cheapest in the world by far). Instead, the government has “adjusted” by shutting off imports, leaving store shelves all over the country barren.

This strategy now seems unsustainable. According to various estimates, in 2015 Venezuela imported about $32 billion worth of goods. This was a marked drop from the previous year. This year, given current oil prices and dwindling foreign reserves, if Venezuela were to pay off its obligations — at least $10 billion — and maintain government spending, it would have to import close to nothing. In a country that imports most of what it consumes, this would ensure mayhem. That is why all analysts predict default in the coming months.

The Economist has joined the chorus, saying that “the government has run out of dollars.” In the words of Harvard professor Ricardo Hausmann, this will be “the largest and messiest emerging market sovereign default since the Argentine crisis of 2001.”

One of the reasons the coming default will be so messy is the many instruments involved, all issued under widely varying conditions. Part of the stock of debt was issued by PDVSA, Venezuela’s state-owned oil company, which owns significant assets overseas (For example, Citgo is 100 percent owned by the Venezuelan government). Another part of the debt was issued by the national government directly, while another big chunk is owed to China, under secretive terms.

The Chinese issue looms large. China’s loans to Venezuela — close to about $18 billion, according to Barclay’s – consist of short-term financing payable via oil shipments. As the price of oil collapses, Venezuela needs to ship more oil to China in order to pay them back. Barclay’s estimates that right now this is close to 800,000 barrels per day, leaving little more than a million barrels per day Venezuela can sell for cash.

A default will send ripples beyond Wall Street. Many people have been buying high-risk, high-return Venezuelan debt for years — from pension funds in far-off countries to small banks in developing ones. Most stand to lose their shirts. Yet the signs that this was unsustainable were there for all to see.

For years, Venezuela has had a massive budget deficit, sustained only by exorbitant oil prices. For years, analysts have been warning that the Venezuelan government would rather chew nails that allow the private sector to grow. And yes, a lot of that borrowed money was used to help establish a narco-military kleptocracy.

It is impossible to untangle the ethical implications of all of this. Lending Venezuela money is what business ethics professors talk about when they question “winning at someone else’s expense.” Losing money from investing in Venezuela is akin to losing it from, say, funding a company that engages in morally reprehensible acts. (Insert the name of your favorite evil corporate villain here).

Investors in companies with “tainted profits” from, say, engaging in child labor or violating human rights should not get the world’s sympathy, nor should they be bailed out. Similarly, investors in Venezuelan debt have only their hubris to blame.

In a few months, once the rubble of the Bolivarian revolution is cleared, the discussion will turn to how Venezuela can be helped. It would be smart to remember that aid should come to the Venezuelan people first. As the scarcity of food and medicine grows,

Venezuela may become the first petro-state to face a humanitarian disaster.

Venezuela may become the first petro-state to face a humanitarian disaster.

If and when a responsible government in Caracas asks for foreign assistance, solving this urgent issue should be at the top of the agenda. Conditions on financial assistance should privilege the interests of Venezuelans caught in the debacle above the interests of angry hedge fun managers or international bankers.

In other words, the Venezuelan people should come first. The folks who enabled this catastrophe? They can wait.

 

What is YOUR Profile? Ask Google and Facebook

You have been profiled, but is it accurate? You have been sold and sold out.

Scary New Ways the Internet Profiles You

Morrison/DailyBeast: Facebook, Google, and the other Internet titans have ever more sophisticated and intrusive methods of mining your data, and that’s just the tip of the iceberg.

The success of the consumer Internet can be attributed to a simple grand bargain. We’ve been encouraged to search the web, share our lives with friends, and take advantage of all sorts of other free services. In exchange, the Internet titans that provide these services, as well as hundreds of other lesser-known firms, have meticulously tracked our every move in order to bombard us with targeted advertising. Now, this grand bargain is being tested by new attitudes and technologies.

Consumers who were not long ago blithely dismissive of privacy issues are increasingly feeling that they’ve lost control over their personal information. Meanwhile, Internet companies, adtech firms, and data brokers continue to roll out new technologies to build ever more granular profiles of hundreds of millions, if not billions, of consumers. And with next generation of artificial intelligence poised to exploit our data in ways we can’t even imagine, the simple terms of the old agreement seem woefully inadequate.

In the early days of the Internet, we were led to believe that all this data would deliver us to a state of information nirvana. We were going to get new tools and better communications, access to all the information we could possibly need, and ads we actually wanted to receive. Who could possibly argue with that?

For a while, the predictions seemed to be coming true. But then privacy goalposts were (repeatedly) moved, companies were caught (accidentally) snooping on us, and hackers showed us just how easy it is to steal our personal information. Advertisers weren’t thrilled either, particularly when we adopted mobile phones and tablets. That’s because the cookies that track us on our computers don’t work very well on mobile devices. And with our online activity split among our various devices, each of us suddenly appeared to be two or three different people.

This wasn’t a bad thing for consumers, because mobile phones emit data that enable companies to learn new things about us, such as where we go, who we meet, places we shop, and other habits that help them recognize and then predict our long-term patterns.

But now, new cross-device technologies are enabling the advertising industry to combine all our information streams into a single comprehensive profile by linking each of us to our desktop, mobile phone, and iPad. Throw in wearable devices like a Fitbit, connected TVs, and the Internet of Things, and the concept of cross-device tracking expands to potentially include anything that gives off a signal.

The ad industry is drooling over this technology because it can follow and target us as we move through our daily routines, whether we are searching on our desktop, surfing on our iPad, or out on the town with our phone in hand.

There are two methods to track people across devices. The more precise technique is deterministic tracking, which links devices to a single user when that person logs into the same site from a desktop computer, phone, and tablet. This is the approach used by Internet giants like Facebook, Twitter, Google, and Apple, all of which have enormous user bases that log into their mobile and desktop properties.

A quick glance at Facebook’s data privacy policy shows it records just about everything we do, including the content we provide, who we communicate with, what we look at on its pages, as well as information about us that our friends provide. Facebook saves payment information, details about the devices we use, location info, and connection details. The social network also knows when we visit third-party sites that use its services (such as the Like button, Facebook Log In, or the company’s measurement and advertising services). It also collects information about us from its partners.

Most of the tech giants have similar policies and they all emphasize that they do not share personally identifiable information with third parties. Facebook, for example, uses our data to deliver ads within its walled garden but says it does not let outsiders export our information. Google says it only shares aggregated sets of anonymized data.

Little-known companies—primarily advertising networks and adtech firms like Tapad and Drawbridge—are also watching us. We will never log into their websites, so they use probabilistic tracking techniques to link us to our devices. They start by embedding digital tags or pixels into the millions of websites we visit so they can identify our devices, monitor our browsing habits, look for time-based patterns, as well as other metrics. By churning massive amounts of this data through statistical models, tracking companies can discern patterns and make predictions about who is using which device. Proponents claim they are accurate more than 90 percent of the time, but none of this is visible to us and is thus very difficult to control.

In recent comments to the Federal Trade Commission, the Center for Democracy and Technology illustrated just how invasive cross-device tracking technology could be. Suppose a user searched for sexually transmitted disease (STD) symptoms on her personal computer, used a phone to look up directions to a Planned Parenthood clinic, visited a pharmacy, and then returned home. With this kind of cross-device tracking, it would be easy to infer that the user was treated for an STD.

That’s creepy enough, but consider this: by using the GPS or WiFi information generated by the patient’s mobile phone, it would not be difficult to discover her address. And by merging her online profile with offline information from a third-party data broker, it would be fairly simple to identify the patient.

So, should we be concerned that companies use cross-device tracking to compile more comprehensive profiles of us? Let us count the reasons:

Your data could be hacked: Privacy Rights Clearinghouse reports that in 2015 alone, hackers gained access to the records of 4.5 million patients at UCLA Health System, 37 million clients of online cheating website Ashley Madison, 15 million Experian accounts, 80 million Anthem customers, as well as more than 21 million individuals in the federal Office of Personnel Management’s security clearance database. And these were just the headliners that garnered media attention. No site or network is entirely safe and numerous researchers have already demonstrated how incredibly easy it is to “reidentify” or “deanonymize” individuals hidden in anonymized data.

Your profile could be sold: In fact, it typically is, in anonymized fashion. That’s the whole point. But in many cases, Internet companies’ privacy policies also make it clear our profiles are assets to be bought and sold should the company change ownership. This was the case when Verizon bought AOL and merged their advertising efforts, creating much more detailed profiles of their combined user base. Yahoo might be next should it decide to spin off its Internet properties.

Your data could be used in ways you did not anticipate: Google, Facebook, and other companies create customized web experiences based on our interests, behavior, and even our social circles. On one level, this makes perfect sense because none of us want to scroll through reams of irrelevant search results, news stories, or social media updates. But researchers have demonstrated that our online profiles also have real world consequences, including the prices we pay for products, the amount of credit extended to us, and even the job offers we may receive.

Our data is already used to build and test advanced analytics models for new services and features. There is much more to come. The Googles and the Facebooks of the Internet boast that newly emerging artificial intelligence will enable them to analyze greater amounts of our data to discern new behavioral patterns and to predict what we will think and want before we actually think and want it. These companies have only begun to scratch the surface of what is possible with our data.

We are being profiled in incredible and increasingly detailed ways, and our data may be exploited for purposes we cannot yet possibly understand. The old bargain—free Internet services in exchange for targeted advertising—is rapidly become a quaint relic of the past. And with no sense of how, when, or why our data might be used in the future, it is not clear what might take its place.

Obama Tells Israel, Take it or Leave it

Note: Haaretz is pro Obama regime and anti-Netanyahu

An unnamed US official urged Israel Sunday to accept a military aid offer which falls short of Israeli expectations, claiming the country would get no better offer from the next administration. According to Haaretz, the official said, “Israel will certainly not find a president more committed to Israel’s security than is President [Barack] Obama.”

Three rounds of talks to renegotiate US contributions to Israel’s military have largely led nowhere. A ten-year memorandum of understanding, signed in 2008, provided Israel with $3 billion annually. It is set to expire in the near future, and US congressional sources told Reuters that Israel is seeking an increase to $5 billion a year, starting in 2017. The same sources estimated the final agreement would settle between $4 and $5 billion.

On Sunday, Israeli Prime Minister Benjamin Netanyahu said during a weekly cabinet meeting, “Perhaps we won’t succeed in reaching an agreement with this administration and will have to reach an agreement with the next administration.” This prompted the angry response from US officials.

“Even as we grapple with a particularly challenging budget environment, this administration’s commitment to Israel’s security is such that we are prepared to sign an MOU [memorandum of understanding] with Israel that would constitute the largest single pledge of military assistance to any country in U.S. history,” the senior official told Haaretz.

“Israel is of course free to wait for the next administration to finalize a new MOU should it not be satisfied with such a pledge, but we would caution that the US budgetary environment is unlikely to improve in the next 1-2 years and Israel will certainly not find a president more committed to Israel’s security than is President Obama.”

The same official emphasized that negotiations are “taking place in the context of a challenging budgetary environment in the United States that has necessitated difficult tradeoffs amongst competing priorities including not just foreign assistance and defense but also domestic spending.” Currently, over 50 percent of America’s foreign military spending goes to Israel.

“Despite these [budgetary] limitations, based on extensive consultations with Israel on its threat environment and in-depth discussions within the U.S. government regarding Israel’s defense needs, we are confident that a new [memorandum] could meet Israel’s top security requirements and preserve its qualitative military edge,” the official added.

White House officials stressed that Israel’s security is a top priority of the Obama administration, as demonstrated by its spending to date. “From the $20.5 billion in Foreign Military Financing to the additional $3 billion in missile defense funding the United States has provided under his leadership, no other U.S. Administration in history has done more for Israel’s security.”

A senior Israeli official noted that, while negotiations are ongoing, it would likely take presidential intervention to make any real progress. “It’s not a subject for staff, but rather for decisions by leaders,” he said. This may happen in the near future, as Defense Minister Moshe Ya’alon is scheduled to visit his American counterpart, Ashton Carter, in Washington next month, followed two weeks later by a visit to the US by Netanyahu, who is expected to meet with Obama at that time.

***

16 Aug 2007

 

A memorandum of understanding (MOU) was signed by Israel and the United States at a ceremony today (16 August) at the Ministry of Foreign Affairs. The MOU outlines defense aid to be provided to Israel by the Americans to the tune of $30 billion in the next decade.

Representing the United States at the ceremony were Undersecretary of State R. Nicholas Burns and US Ambassador to Israel Richard Jones. On the Israeli side, Bank of Israel Governor Stanley Fisher, Director General of the Foreign Ministry Aaron Abramovich, Director General of the Ministry of Defense Pinchas Buchris and Israel’s Ambassador to the United States, Salai Meridor, attended.

*** Contacts between Israel and the United States on the security memorandum of understanding are expected to be stepped up a notch. Defense Minister Moshe Ya’alon is expected to visit Washington at the beginning of March to meet with his American counterpart, Ashton Carter. About two weeks later, Netanyahu will come to Washington to attend the conference of the pro-Israel lobby AIPAC, the American Israel Public Affairs Committee. In all probability, he will also meet with Obama in an effort to achieve a breakthrough in the talks.