25 years ago today, 1982: The Social Security system had to borrow $1 billion recently to pay November benefits, but its top administrator says mismanagement and a "rambling wreck" of a computer are more of a threat to the retirement system's immediate future than running out of money. Social Security officials consider it a monthly miracle that they get retirement and disability checks out on time. They also admit to at least $1 billion a year in overpayments.
Nov 5, 2007
Twenty-Five Years Ago
From the Battle Creek Enquirer:
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About the only thing I'd give then-Commissioner Jack Svahn any credit for would be having the political "pull" with OMB for get the computer/IT situation under control. Otherwise his "administration" was pretty much an empty two-plus years.
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