So they want to cut social security by 24% by 2032.
Yet Congress neglegence in their oversight of all the agencies that have been hit with billions in fraud.
Just maybe if Congress could do its job and be a lot better stewards of the taxpayers money, that they rob them of at threat of prison, social security would be solvent.
But I’m sure that there is billions in fraud at social security.
Improper payments in Social Security, including fraud, are estimated at about $3 billion per year. This includes payments made to deceased individuals and other improper claims.
crfb.org Social Security Administration
Overview of Social Security Fraud
Social Security fraud is a significant issue, with improper payments estimated at about $3 billion per year. This figure includes various types of fraud, such as payments made to deceased individuals and other improper claims.
Types of Social Security Fraud
Fraud can take many forms, including:
False Statements: Providing incorrect information to receive benefits.
Impersonation: Pretending to be a Social Security employee.
Identity Theft: Using someone else's personal information to claim benefits.
Misuse of Benefits: Representative payees misusing funds meant for beneficiaries.
Impact of Fraud
While the estimated $3 billion in improper payments represents a small fraction of the total Social Security benefits, it highlights the ongoing challenges the Social Security Administration faces in combating fraud. The agency works closely with the Office of the Inspector General to investigate and address these issues.
Reporting Fraud
If you suspect Social Security fraud, you can report it through:
Online Reporting: Use the OIG's fraud reporting form.
Fraud Hotline: Call 1-800-269-0271 (available Monday to Friday, 10 a.m. to 2 p.m. ET).
Understanding and reporting fraud helps protect the integrity of the Social Security system and ensures that benefits reach those who are truly eligible.