The economy being what it is, and states struggling to make budgets like they are, it's probably not a good time to be flaunting a $3 million lakefront home, among other things, while running a tax-exempt religious organization. But that's just what a local television news investigation found after looking into The Inspiration Network, a Christian ministry operating on a luxurious 92-acre compound in Lancaster County, South Carolina. After the findings were broadcast, the state's Department of Revenue revoked the organization's tax-exempt status, meaning Inspiration Network will owe hundreds of thousands in property taxes next year. Watch the news report and see more details of the story from WCNC in South Carolina.

Think Senator Grassley will be watching the inevitable legal challenge of this decision?