Obama using illegal theft from treasury to prop up Obamacare
...That is the way this corrupt President rolls when it comes to his agenda. It is also a measure of his political incompetence that he lacks the political skills to go to Congress and get funding for his programs so he just takes what is not his to take.
The text of the Affordable Care Act is clear as a bell on what this money can be used for.
Some of these annual fees — adding up to billions a year — belong to the public, not the insurance companies. The law states a fixed share “shall be deposited into the general fund of the Treasury of the United States and may not be used” to offset insurance companies’ losses.
But the administration gave all of it to the insurance companies last year, and got away with that heist. So now they’re trying it again.
Anyone in the corporate world who misused funds that way would be headed to prison. This rogue administration is going to any length — including running afoul of the law — to keep insurers hooked into ObamaCare.