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Social security pays out $1.5 trillion a year. If only $8 billion a year is lost to fraud, that means fraud is 0.5%. It's impossible to design a system with ze
by apical_dendrite 2y ago
Social security pays out $1.5 trillion a year. If only $8 billion a year is lost to fraud, that means fraud is 0.5%.
It's impossible to design a system with zero fraud, but keeping it under 0.5% is very impressive.
- genewitch 2y agoWe've moved the goalposts. 0.5% here, 0.5% there, what's it matter, it's very impressive that it's so low. I mentioned the SSA budget errors because it's $15,000,000 five thousand times over. I still have to pay for that 0.5%. A nickel here, a dime there. Maybe it can be argued that spending $15,000,000 to "own the CCP" is worth it. After all, it's only a dime per taxpayer. Harassing the CCP (and any other government we "owned") means that we also need to spend 800 billion on Defense.
- genewitch 2y agookay now do it for these numbers from 2021-2023: > SEC. 403. Policy statement on improper payments. > (a) Findings.—The House finds the following: > (1) The Government Accountability Office defines improper payments as any reported payment that should not have been made or was made in an incorrect amount. > (2) Since 2003, improper payments have totaled $2.7 trillion with a reported Federal Government-wide error rate of 5.42 percent in fiscal year 2023. > (3) Improper payments between 2021-2023 have exceeded $750 billion and totaled more than the budget of the U.S. Army in 2023. i want you to explain to me how i don't grasp how big these numbers are, some more. I want you to explain how 79.1 billion in fraud or improper payments is "0.5%", and that's ok, and explain how ten times that amount, in 20% of the time, is ok, too. please. SOURCE https://www.congress.gov/bill/118th-congress/house-concurrent-resolution/117/text/rh https://www.congress.gov/bill/118th-congress/house-concurren... I'm done with all of you.