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re: 793 Billion in Social Security funds stolen annually ( 1/3 of all SS spending fraudulent)

Posted on 2/17/25 at 1:27 pm to
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
19730 posts
Posted on 2/17/25 at 1:27 pm to


This post was edited on 2/17/25 at 1:56 pm
Posted by dcbl
Good guys wear white hats.
Member since Sep 2013
31695 posts
Posted on 2/17/25 at 1:30 pm to
quote:

It's about to get a lot easier to balance the budget....


Posted by PeleofAnalytics
Member since Jun 2021
4940 posts
Posted on 2/17/25 at 1:30 pm to
I am sure there is an insane amount of billions of dollars of fraud here but the math this guy is using is not exactly how it works (20 years in tax accounting work)

Your SS payments are basically dependent on a % of what you paid in with some other formulas thrown in there. If there is some SS# that didn't put a cent into the system, the system is so you are not getting paid social security. It is an earned benefit. (not talking about any other benefits outside of retirement)

Some of these in the 100+ age range could be some fake SS# that was created back in the 1930s and doesn't have a penny paid in to their name.

We actually need to see the actual payments made to those over the 100+ or so age range before we can have any clue how much is being paid to dead people.

This post was edited on 2/17/25 at 1:33 pm
Posted by JPLSU1981
Baton Rouge
Member since Oct 2005
28342 posts
Posted on 2/17/25 at 1:31 pm to
quote:

This should be really easy to prove that fraud occurred. Just see where the money went. If money went to even one of these 200-year old people, then there's no denying it. But, and this is just my opinion, the fact that they haven't highlighted even one instance where people in this database were paid, it could be a huge nothing.


Yep, easy to track.
Posted by dcbl
Good guys wear white hats.
Member since Sep 2013
31695 posts
Posted on 2/17/25 at 1:33 pm to
quote:

but it is hard to believe fraud on this scale would go undetected for any length of time.
no it’s not; especially if it was purposefully done
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
19730 posts
Posted on 2/17/25 at 1:39 pm to
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
19730 posts
Posted on 2/17/25 at 1:43 pm to
quote:

This should be really easy to prove…


quote:

Yep, easy to track.


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This post was edited on 2/17/25 at 1:51 pm
Posted by WG_Dawg
Member since Jun 2004
89678 posts
Posted on 2/17/25 at 1:44 pm to
quote:

I can already see the reaction from the left to this news


reddit these days is an absolute gold mine of entertainment because of how left leaning the vast majority of it is. I was reading comments on this article (can't even remember what sub it was, nothing I've subscribed to it was just one of the recommended ones in the home feed) and as expected it's hundreds and hundreds of comments calling Musk an idiot, saying he set the parameters wrong, saying they talked to their buddy that knows code and elon definitely fricked up, he's blatantly lying, etc.. Like this dude is one of the smartest and most successful people on the planet but yeah I'm sure these basement dwellers on reddit know much better..
Posted by ChineseBandit58
Pearland, TX
Member since Aug 2005
48189 posts
Posted on 2/17/25 at 1:45 pm to
quote:

death field set to FALSE!"

exactly what does that mean and how is it assigned?

my impression from the tone of the article is that those are dead people who have been once removed from the payout file, but then later having the death notice override - i.e. labeled FALSE - and those funds are then shunted off to some ghost account for fraudulent dispersal.

What other implication is there>

i.e. - what does FALSE mean and how is it assigned and by whom and for what reason.

Seems improbable that there would be a lot of 'death' input for living people that would necessitate that kind of remediation.

- anyone have an idea?
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
19730 posts
Posted on 2/17/25 at 1:46 pm to
Posted by RelicBatches86
Florida
Member since Nov 2024
1082 posts
Posted on 2/17/25 at 1:47 pm to
And this $100 B, $200 B, $300 B oversight somehow escaped the scutiny of decades of fed govt control from both parties and bipartisan oversight organizations? When both parties made deals to close the deficit ?

forgive me if I dont believe Musk until he comes out with actual proof of any number approaching that large figure.
This post was edited on 2/17/25 at 1:49 pm
Posted by Codythetiger
Arkansas
Member since Nov 2006
30288 posts
Posted on 2/17/25 at 1:49 pm to
quote:

Are these people collecting benefits, or are they merely listed as having active Social Security numbers? If it's the latter, then there exists a systemic problem in clearing people out of the system after their death (which seems more believable than massive fraudulent payments to deceased people). Not that massive fraud couldn't have happened, but it is hard to believe fraud on this scale would go undetected for any length of time.


Why is it hard to believe? We never audited anything at any point. The treasurer never once denied or looked into any payment at any point. (He quit btw once that news dropped). These people have been stealing our money, it's that simple.
Posted by PeleofAnalytics
Member since Jun 2021
4940 posts
Posted on 2/17/25 at 1:49 pm to
The bizarre part is you receive a SSA-1099 for the benefits you receive during the year. So if you have all of these SSA-1099s that go out there without any corresponding tax return being filed, that would send up a red flag with them.

Yes there are plenty of cases where people don't need to file a return if you are below the threshold for your filing status but that is 20 million IRS transcripts that are on record every year with SS Income on them but nobody is filing a single tax return. Sorry but if you are over 100, you are probably relatively wealthy enough to stay healthy enough to be alive. You would be filing tax returns. People who are poor enough not to have to file a tax return are probably not living past 90 and that is generous. The IRS also does a lot of budgeting when they decided how much of SS payments are going to be taxable on a given year and how much revenue they should pull in from them. Say for every $ of SS paid out, they get 2 pennies in income tax. This would completely throw their budgets off if 1/3 of all SS payments were to fake people.

Just seems like, in order for this to have to fly so far under the radar, there would have to be somebody making it so there are no SSA-1099s going out. Because the IRS has never been ones to let some old helpless person miss a payment that they expect.

Posted by The Torch
DFW The Dub
Member since Aug 2014
28054 posts
Posted on 2/17/25 at 1:50 pm to
The Democrats will be melting down over this.

How dare a non elected person dig into our "personal grifting system" I mean data.

Like Maxine Waters said "We don't even know what he has on us".
Posted by First Sergeant1
Enterprise, Alabama
Member since Dec 2018
930 posts
Posted on 2/17/25 at 1:54 pm to
If this is proven, every hardworking American should be irate regardless of party affiliation. SS has been a huge concern for a very long time and for DOGE to come in and find this major issue in only a matter of weeks infuriates me of past administration’s complete lack of accountability and simply looking into it!!!
Posted by UncleFestersLegs
Member since Nov 2010
16657 posts
Posted on 2/17/25 at 1:58 pm to
quote:

Further, what is that amount and how do we use the data to determine who is actually alive and who is deceased, and who is a ghost account siphoning off money into an offshore accoun
what you do is hire a crack team of autists to comb through the data. That's if you want to really want to know. If you want the fraud to continue, you get corrupt DAs to go judge shopping and try to stop the auditing.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
19730 posts
Posted on 2/17/25 at 1:58 pm to
Posted by UcobiaA
The Gump
Member since Nov 2010
4147 posts
Posted on 2/17/25 at 1:58 pm to
quote:

Not that massive fraud couldn't have happened, but it is hard to believe fraud on this scale would go undetected for any length of time.
.

You assume someone was looking for it.
Posted by wdhalgren
Member since May 2013
4636 posts
Posted on 2/17/25 at 2:01 pm to
quote:

I was wondering if the data has reported, how many of those accounts (social security numbers) are, in fact, receiving benefits.


Yeah, based on what was directly quoted vs implied, it's hard to tell if "eligible social security numbers" or "death field set to false" equates to fraudulent monthy SS checks. I'm sure there is fraud in SS, skeptical that it's that much. Numbers like $793B a year are usually reserved for politicians, bureaucrats, and the people who control them.
This post was edited on 2/17/25 at 2:02 pm
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