Article

2011-03-22 Economy

SSDI could run out of money in as little as 4 years

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Posted by DarthVader 2011-03-22 14:09|| || Front Page|| [7 views ] Top

#1 I continue to be flabbergasted that no one really sees the amount of fraud in SSDI, Medicare, basic Social Security, food stamps, student loans, etc. As we hear Washington talk about the cuts to discretionary budgets, and how thats only about 15-20 percent of the size of federal budget, no one talks about how perhaps 15-25% of the entitlement programs are fraud, and the savings that could be accrued merely by ending it. Not even punishment, merely cessation of fraudulenty obtained entitlements.
We are talking hundreds of billions of dollars.
For example, in the Central Valley of California, there are convenience stores that have shelf stockage of a few groceries, no more than 3-4k in value, with little obvious product movement, that do 2-300k a month in food stamps. (Going rate is around 50 cents on the dollar I'm told).
I cannot help but think that it is fear of the screams of those thieves who are caught and cut off that stops politicians from going down this path.

Can the reason be the possible overwhelming demographic of those found cheating?

Honestly, I cannot think of another inhibiting factor that prevents this easy fix. Anyone?

Posted by NoMoreBS 2011-03-22 15:12|| 2011-03-22 15:12|| Front Page Top

#2 I continue to be flabbergasted that anyone in the US can actually believe that the goverment should be sending checks to more than the poorest 2-3% of the population. Everyone else? By definition not desperately poor.

Posted by AzCat 2011-03-22 21:42|| 2011-03-22 21:42|| Front Page Top

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