Annual Social Security taxes per person are eight times higher in constant dollars than the maximum limit that the government promised would never be exceeded when President Roosevelt signed the Social Security Act in 1935. Liar, liar, pants on fire. The lies about Social Security have never ceased. For example, in 2001 the government projected that in 2009, it would collect 13.2 percent more in payroll taxes than needed to cover the costs of the program. The actual figure turned out to be 0.5 percent. Shame, shame, pants aflame. It’s a little-known fact that a major cause of skyrocketing Social Security spending is Supplemental Security Income (SSI) payments for supposed disabilities. SSI was added to Social Security in 1956. Between 1965 and 2009, the U.S. population grew by 54 percent. During the same period, the number of people receiving disability benefits increased by 458 percent.See the full article here.
Tuesday, June 19, 2012
Disability Going Crazy
So I hear that in the last five years disability claims have increased by 22%
Claims are going crazy, now costing us $75 billion, with a "B". a year.
The government doesn't investigate these claims, but Workmen's Compensation (private entities) do. The investigators find 72% are fraudulent. Can you imagine then the fraud in the government claims?
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