Cracking Crime
04/13/2015 | | bow-tied economist, econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, Great public speaking economist, housing sales, medicare fraud, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist, www.econ70.com
A dollar of government spending can create more than a dollar of tax revenue! About $60 billion/year of Medicare spending goes for “improper payments.” With a return of over $10 for each dollar spent, Congress should increase the Medicare fraud-busting budget. Similarly, with a return of about $5 for each dollar spent, Congress should increase the IRS audit budget and chip away at the $540 billion in annual unpaid taxes.