The report says the IRS "does not yet have an agencywide, systematic approach to managing the collection of tax debts," albeit it recently created a "council" of IRS officials to coordinate various collection activities and recommend potential changes in the process.
RAINES IT POURS
The American Conservative Union wants a full investigation of the role former Clinton budget director Franklin D. Raines played in the current national mortgage crisis, particularly related to Fannie Mae.
"When you examine Raines' resignation from Fannie Mae amidst charges of accounting irregularities and previous practices he may have encouraged, including those that helped lead to the mortgage crisis we face today, Congress needs to conduct a full and fair investigation …," said ACU Chairman David A. Keene.
Upon leaving the Clinton White House, Mr. Raines returned to Fannie Mae as chairman and CEO before being forced out over an accounting scandal in 2004. Last April, he and two other top executives of the lending giant agreed to a $31-million-plus settlement with Uncle Sam.
QUOTE OF THE WEEK
"In Somalia back in 1993, climate change, according to 11 three- and four-star generals, resulted in a drought which led to famine. That famine translated to international aid we sent in to Somalia, which then led to the U.S. having to send in forces to separate all the groups that were fighting over the aid, which led to … this scene where we have all of our American troops under fire because they have been put into the middle of this terrible situation."
— Massachusetts Rep. Edward J. Markey, chairman of the House Energy Independence and Global Warming Committee, as quoted by CNSNews.com while lecturing high school students gathered at the U.S. Capitol.
John McCaslin is a contributing columnist on Townhall.com and author of Inside The Beltway: Offbeat Stories, Scoops, and Shenanigans from around the Nation's Capital .
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