While going through the 2016 Annual Report for Social Security and Medicare, I stumbled across the main theme Continue reading →
Tag / Social Security Administration
Bernie Sanders Social Security claim debunked
photo courtesy theodysseyonline.com
JustFactsDaily.com addressed a GAO report requested by Democrat Presidential candidate Bernie Sanders.
Social Security Administration Summed Up in One Picture
Illegal Immigrants Getting Social Security Numbers Five Times Higher Than Expected
Back in March TheBlaze.com reported two Senators asked the Social Security Administation how many social security numbers were issued to illegal immigrants under Barack Obama’s 2012 executive amensty plan. It was believed to be around 90,000.
The Social Security administation answered with a shocking number and here is what TheBlaze.com reported:
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The Social Security Administration has told Congress that more than half a million illegal immigrants have received new Social Security numbers, under President Barack Obama’s 2012 executive action allowing younger immigrants to stay in the United States and work.
“By the end of fiscal year 2014, we had issued approximately 541,000 original SSNs to individuals authorized to work under the 2012 Deferred Action for Childhood Arrivals policy since its inception,” she wrote.
The economic ramifications of adding these people to America’s government welfare benefits programs will be staggering and escalate the cost down the road for taxpayers. Here is one example:
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Critics of Obama’s plan have criticized the plan because low-income immigrants with no net tax liability could gain as much as $3 in Social Security benefits for every $1 they pay into the system, which means Americans will now be subsidizing these immigrants.
Social Security Administration Has Lots of Old People on the Books
Via CNSNEWS.COM –
Many people are living longer, but not to age 112 or beyond — except in the records of the Social Security Administration.
The SSA’s inspector general has identified 6.5 million number-holders age 112 — or older — for whom no death date has been entered in the main electronic file, called Numident.
The audit, dated March 4, 2015, concluded that SSA lacks the controls necessary to annote death information on the records of number-holders who exceed “maximum reasonable life expectancies.”
“We obtained Numident data that identified approximately 6.5 million numberholders born before June 16, 1901 who did not have a date of death on their record,” the report states.
Some of the numbers assigned to long-dead people were used fraudulently to open bank accounts.
Read the rest here
Hoosier Econ 