Friday, May 17, 2013

PAIN EXPENSE ANGUISH

Two of America's best known and largest institutions celebrate their 100th anniversary this year, the Internal Revenue Service and the Federal Reserve Bank.

In their time both have done enough damage to make a Stage Five Hurricane seem like a kindergarten party washed ashore.The bureaucrat-bloated, byzantine IRS has become the modern day bully on the block. 

With rules and regulations even they can't understand, the IRS has a long and sordid history of controversy, deceit and lawlessness. The recent uproar over politically-driven audits is just one example of American taxpayer abuse at the hands of a power-mad government agency running amuck. The links below shows several more for those interested.

It's too bad this story didn't hatch a bit later this year since National Bullying Awareness Week is set for November 17 - 23, 2013 with its Theme: "Stand Up! (to bullying)." Maybe then it would get the MSM attention it deserves.

Incompetence not bullying is the Federal Reserve Bank's forte. As one long-time observer once put it: "Many studies, formal and informal, have been made of the record of forecasting by economists, and it has been consistently abysmal."  

The Federal Reserve given all their so-called resources has hardly proved adept at seeing let alone heading off economic trouble at the pass. In fact, truth be told, these people have created far more trouble then they've resolved. Most of it at the pain, expense and anguish of the American consumer.



No comments: