Social Security’s Office of Inspector General (OIG) has issued a Quarterly Scam Update. It says it’s the 18th such update but it’s the first time I’ve seen it.
The report shows that Social Security scams reached a peak in 2020 but went way down in 2022 and have stayed much lower. Maybe the Trump Administration will claim credit for the reduction.Surprisingly, at least to me, those under the age of 50 were the most likely to be scammed but older people showed larger losses.
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Why would anybody trust numbers from the current OIG? Trump fired 17 OIG’s in the start of his second term.
It was a move that figures on both sides of the aisle have said violates the law — even as Sen. Lindsey Graham (R-S.C.) was mocked for describing the dismissals as “technically” illegal.
A federal judge found that President Trump broke the law in firing a number of inspectors general early in his term, but the judge found she did not have the power to reinstate them to their jobs.
U.S. District Court Judge Ana Reyes struck a sympathetic tone in the case, which was brought on behalf of eight of the nearly 20 inspectors general Trump has fired.
But she said while Trump violated a law requiring he give 30 days’ notice to Congress before firing any inspector general, the former watchdogs could not show they’d been irreparably harmed.
The removals topple those responsible for providing an independent check on agencies and an avenue where whistleblowers can report wrongdoing — with Trump even targeting some who were his own nominees during his first administration.
Will Charles finally give Frank and DOGE credit for stopping rampant fraud dead in its tracks? Probably not! That’s okay, we’ll keep reading this rag. [cleared for release]
Frank has done nothing to reduce fraud. Fraud has increased under Frank by his declarations to say social security is no longer subject to taxes
DOGE found little fraud. Even Musk admitted that. Don't take it out on Charles, I am certain he would give credit where credit is due, as he has done before.
Fabrications continue from the former DOGE leader. By the way, where is our DOGE checks from the millions in government savings?
One side recommendation I have is: Don't worry about squirreling money away for retirement in 10 or 20 years," the Tesla and SpaceX CEO said during the latest episode of the "Moonshots with Peter Diamandis" podcast. "It won't matter."
"If any of the things that we've said are true, saving for retirement will be irrelevant," Musk added. The world's richest man, whose net worth exceeds $600 billion, described a future where advances in AI, energy, and robotics supercharge productivity, creating an "abundance" of resources that would allow everyone to be granted a "universal high income."
The "good future is anyone can have whatever stuff they want," Musk said. That would mean "better medical care than anyone has today, available for everyone within five years," he continued. "No scarcity of goods and services. You can learn anything you want about anything for free”
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This is great news! We no longer have to worry about the solvency issue with Social Security.and I have booked a year long cruise.
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