The Social Security Administration has released its Performance and Accountability Report For Fiscal Year 2007. It includes this interesting information showing how Social Security's administrative budget is spent:
- Disability Insurance 24.5%
- Supplemental Security Income 29.8%
- Old Age and Survivors Insurance 29.6%
- Other (including Medicare) 16.1%
2 comments:
The dirty little secret of SSA is the significant administrative costs of the SSI program--nearly 30 percent of the total, and still not nearly enough to address problems that at this point are completely out of control--SSI is a shambles.
Hardly seems like a secret. GAO is always listing SSI as a problematic program, as is OMB. The way it's structured, it's simply impossible to administer "accurately," however that might be defined.
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