Mitt Romney and running mate Rep. Paul Ryan R.-Wis. have been tough critics of federal spending during their run for the White House. But just as Ryan wasn’t shy about asking for stimulus money for Wisconsin, an October 12 Boston Globe op-ed explains how Romney exploited a regulatory loophole when he was governor of Massachusetts to attract excessive federal Medicaid funds without necessarily using them for their supposed purpose: health care for the poor.
Daniel Hatcher, associate professor at the University of Baltimore School of Law, called the approach:
Akin to tax schemes using offshore bank accounts — but instead of avoiding federal taxes, seeking to pilfer the federal treasury. The Wall Street Journal labeled such financing mechanisms “Medicaid Money Laundering” and a “swindle.”
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