IRS Scandal: What Does the US Congress Expect? / Symptoms Don't Lie

ortegan · May 11, 2013, 9:47pm

Today's Newswire

May. 11.13

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IRS Scandal: What Does the US Congress Expect?

Saturday, May 11, 2013 – By Anthony Wile

Anthony Wile
Scandal.
The IRS has been targeting US constitutionalists for further scrutiny by tagging certain names.
This is a big deal. Unlike other IRS problems throughout the years, this one features not just individual "enemies" but also a broad cross section of US citizens that are concerned about the growing unconstitutional actions of their government.
Police violence against citizens is growing in the US but too often the police are not held accountable. Various "takings" and other forms of financial corruption are practiced by local, state and even federal authorities without significant redress. And at the federal level, military policing is expanding dramatically.
This has given rise to citizen concern and organized efforts to moderate what appears to be a significant and concerning authoritarian trend. And as groups are formed to organize citizen-voices, the IRS receives paperwork having to do with awarding non-profit status ... perfectly understandable and legal requests.
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Symptoms Don't Lie

Saturday, May 11, 2013 – By Peter Schiff

Peter Schiff

A good doctor will not simply make a diagnosis based on measurements. The symptoms and complaints expressed by the patient are at least as important in making a determination as the data provided by diagnostic tools. When the data says one thing and the symptoms continuously say another, it makes sense to question the reliability of the instruments. This would be particularly true if the instruments are furnished by a party with a stake in a favorable diagnosis, say an insurance company on the hook for treatment costs. The same holds true for the U.S. economy. Although our government-supplied data suggests we are experiencing low inflation and modest economic growth, the economy shows symptoms of low growth, rising prices and diminishing purchasing power.
In my latest commentary I discussed how the Big Mac Index (The Economist magazine's 30 year-data set on Big Mac prices) provided strong anecdotal evidence that inflation in the United States is higher than official figures. More information has come in since then that tells me the same thing: that Americans are downsizing their lives as their incomes fail to keep pace with rising prices. These symptoms are at odds with the widespread belief in an accelerating recovery that has resulted in braggadocio in Washington and euphoria on Wall Street.
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The Daily Bell Poll: Does the latest IRS scandal indicate "thuggish practices” were used by the government against Americans?

Saturday, May 11, 2013 – By Staff Report

Yes and the Obama administration employs such practices more than any before.
Yes but nothing new; every administration has equally employed “thuggish practices.”
The IRS’s growing focus on global enforcement is the most troubling "scandal" of all.
The very existence of the IRS is itself a “thuggish practice.”
We respectfully solicit your opinion. Your views mean a great deal to us. Please visit the Daily Bell website and you'll find the poll located at the bottom of the right column.
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