Concerned about the Feds

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dan_s
Posts: 34648
Joined: Fri Apr 23, 2010 8:22 am

Concerned about the Feds

Post by dan_s »

"If you put the federal government in charge of the Sahara Desert, in
5 years there'd be a shortage of sand."

"One of the great mistakes is to judge policies and programs by their
intentions rather than their results."

- Milton Friedman

Back in the 70's I got an accounting degree and a Masters in Taxation. I worked in public accounting and had a lot of experience working with the Feds. So far, I have not seen a single thing the Feds do better and cheaper than the private sector. At Hess, I spent six years working on a case that went to Tax Court. It was a very frustrating experience, although it turned out well for Hess ($160 million refund). Frankly, we won the case because the Feds team was totally incompetent. I am sure the Feds think Obamacare will be wonderful, but I fear it is just another government program that will fail after years of fraud and abuse. This time the cost could be very high.
Dan Steffens
Energy Prospectus Group
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