Scientific Dictatorship

Labels: adult baby, fraud, Social Security

Social Security Overpaid $6.5 Billion

New York Times / AP

The Social Security Administration made $6.5 billion in overpayments to people not entitled to receive them in 2009, including $4 billion under a supplemental income program for the very poor, a government investigator said Tuesday. In all, about 10 percent of the payments made by the agency’s Supplemental Security Income program were improper, said Patrick P. O’Carroll Jr., the inspector general for Social Security. He told a Congressional panel that most of the overpayments went to people who did not report all their assets. Error rates were much smaller for retirement, survivor and disability benefits, which make up the overwhelming majority of Social Security payments, he said.

Labels: overpayment, Social Security

Government Prepares To Seize Private Pensions

Massive wealth confiscation program would replace 401(k) system with Social Security-run ponzi scheme

Paul Joseph Watson
Prison Planet.com
Tuesday, October 12, 2010

The government is preparing to seize the private 401(k) pensions of millions of Americans while enforcing an additional 5 per cent payroll tax as part of a new bailout program that will empower the Social Security Administration to redistribute pension funds in a frightening example of big government gone wild.

Public pension plans have been so aggressively looted already by the government that cities and counties face a $574 billion funding gap, according to a CNBC report.

That black hole is set to be filled by a new proposal that will “fairly” distribute taxpayer-funded pensions to everyone, by confiscating the private wealth of millions of Americans. Its proponents express staggering arrogance in thinking that they can just steal money people have worked for decades to accrue as if it’s their own...

[Full Article]

Labels: Social Security, Social Security Administration