by Simon Black
Sovereign Man
With only days to go before the federal government of the Land of the Free defaults on its debt, it appears that a compromise may finally be on the horizon.
As part of the bargain, both sides have agreed to slash part of the $80 billion in new funding that the IRS was awarded last year.
This is quite a blow to the President, who sold his plan to beef up the IRS last year by saying that the agency would capture up to “a trillion 300 million billion dollars if we hire more IRS agents.”
A trillion 300 million billion? That sure does sound like a lot of money.
Mr. Biden, of course, never seems to have much of a handle of arithmetic (nor anything else).