Feds give away $64 Million in Welfare without Background Checks!

Social Security Administration employees handed out $64 million intended for low-income Americans, but the officials ignored recipients’ earnings – a problem that could have been corrected a decade ago, according to a government watchdog. The Supplemental Security Income program is meant to support low-income earners, but federal officials often failed to consider how much recipients actually earned, according to a recent report by the SSA’s inspector general. The IG previously reported Read more […]

Social Security Will Not Get Cost of Living Adjustment in 2016

People on Social Security “benefits” will not see a cost-of-living increase in 2016. This is only the third time since 1975 that this has happened, and Social Security recipients are not happy about it for obvious reasons: The annual cost of living adjustment, or COLA, is based on the government’s measure of inflation. This year’s lack of COLA has Social Security beneficiaries worried. “It’s terrible the way they’re doing old people that have worked all their lives and are barely getting Read more […]

Social Security in Bigger Trouble Than We Thought

The Social Security Administration has been releasing heavily biased and overly optimistic numbers for about fifteen years, according to a new report by Harvard and Dartmouth: According to the report, the SSA’s actuarial projections in the 1980s underestimated revenues and overestimated costs by $27 billion; in the 1990s, that figure was $200 billion. Now, in the first ten years after 2000, the forecasts overestimated revenue and underestimated costs to the total of $1 trillion. The Social Read more […]