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Gold Dollar Tapering Taxes and my Ron Paul.



December 04, 2013 – Comments (0) | RELATED TICKERS: GS , GLD , RGR

Tapering. Nope. You have the Obama Care Tax. The Biggest Tax they are not talking about. You know how it is when gas goes up just a little bit. Think of the Obama tax as 9.00 a gal.Then with all the free health care for the poor and the IRS not being able to make sure who gets the tax discount and the Web sight not secure and there goes ID theifs.

Spending Daily December 4, 2013: IRS Unprepared to Handle Fraud In ACA by Steve Foley on December 4, 2013


Report: IRS Unprepared to Handle Fraud In ACA

POLITICO reports, “The Internal Revenue Service has successfully finished testing systems to accurately calculate tax credits under Obamacare but needs to improve its controls to avoid problems with fraud as the agency begins doling out the credits in 2014, an inspector general report said Tuesday. The Treasury inspector general for tax administration said in a report that IRS software has a system to verify tax credit calculations before it issues them to health insurers, but it said the agency may not yet have a system in place to stop tax cheats seeking to underestimate their incomes and fraudulently cash in on health subsidies. ‘The ACA Program has not yet completed a fraud mitigation strategy,’ the report said.”


“Shutdown Part 2? Democrats Vow To Block Stopgap Spending Bill”

The Hill reports, “House Democrats of all stripes are lining up against a stopgap spending bill that further entrenches the blunt sequester cuts. GOP leaders could bring a vote as early as next week on a short-term continuing resolution (CR) likely to adopt the $967 billion sequester-level spending cap urged by many Republicans. But the pushback from Democrats this week has been near universal, with liberals and centrists alike vowing to join party leaders in opposition to any such measure. ‘I’m not going to support a short-term CR that leads to a $967 billion level,’ Rep. Steny Hoyer (D-Md.), the House minority whip, said Tuesday during a press briefing in the Capitol. ‘I believe that hurts our national security, it hurts our economy and it undermines our responsibility of running government at a level that is productive for our people.’ The opposition raises the chances of a government shutdown taking place in mid-January if a House-Senate budget conference fails to reach a deal on a broader framework to fund the government and scale back the sequester.”


Bankrupting America: Emerging Budget Deal “Complete Abdication” Of Fiscal Responsibility

As House and Senate leaders meet to negotiate a budget deal, reports suggest that the conference may be moving towards increasing spending and raising revenue as part of small-scale deal.  According to POLITICO, the agreement could implement new fees and increase federal spending to $1 trillion, an abandonment of the bipartisan spending limit agreed to two years ago in exchange for a debt limit increase. Gretchen Hamel, executive director of Public Notice, issued the following statement:

 “Recent reports that the budget conference is considering fee increases and an increase in next year’s spending cap as part of a budget deal is a complete abdication of the members’ duty to be responsible stewards of Americans’ tax dollars. Leaders in Washington continue to shy away from the hard work of making smart cuts and reforms, preferring instead to pass that burden on to the American people. While their stated goal of deficit reduction is laudable, this deal is more of the same short term political posturing that will only worsen the long-term fiscal pain we already face.”


“Some Reid staffers exempt from Obamacare”

CNN reports, “Democratic Senate Majority Leader Harry Reid, one of Obamacare’s architects and staunchest supporters, is also the only top congressional leader to exempt some of his staff from having to buy insurance through the law’s new exchanges. Reid is the exception among the other top congressional leaders. GOP House Speaker John Boehner, House Democratic Leader Nancy Pelosi and Senate Republican Leader Mitch McConnell have all directed their staffs to join the exchange, their aides said. … In September, Reid told reporters, ‘Let’s stop these really juvenile political games — the one dealing with health care for senators and House members and our staff. We are going to be part of exchanges, that’s what the law says and we’ll be part of that.’ That’s true. Reid and his personal staff will buy insurance through the exchange. But it’s also true that the law lets lawmakers decide if their committee and leadership staffers hold on to their federal employee insurance plans, an option Reid has exercised.”


“Health-Site Security Concerns Raised”

The Wall Street Journal reports, “The Obama administration official overseeing the troubled federal health-insurance website acknowledged Tuesday that a North Carolina man accidentally received another applicant’s personal information, raising concerns among lawmakers about the site’s security. ‘We made a fix yesterday,’ said Marilyn Tavenner, administrator for the Centers for Medicare & Medicaid Services, during a hearing of the Senate Health, Education, Labor and Pensions Committee. Several senators in both parties raised concerns about the federal government’s ability to keep secure the private information consumers are required to provide when applying for health insurance, including Social Security numbers and birth dates. The issue came up last week when House investigators released internal memos that showed that the website didn’t undergo complete security testing before it opened Oct. 1.”

My Ron Paul.

The dollar is a little down but gold plunged. Yes when the trading houses last year 2x lowered the trading on margins thus manipuling the market then yes then gold does not look good.But with us looking like Detroit and a 217 trillion dollars we are told we owe then gold and silver looks good. 

10/03/11 UUP 5Y $22.44 $21.69 ( -0.05%)-3.36%+60.61%+63.97

08/19/08 GLD 5Y $79.70 $119.96 ( +1.70%)+50.51%+45.76%+4.75

The new year will be a wild ride. Now lets talk about what this new tax will do to the market and Country. Just because I lke him and how he tells you how it is.

03/31/09 RGR 5Y $10.26 $71.99 ( -1.32%)+601.39%+124.41%+476.98




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