Social Security is not Pay-As-You-Go and Its Unfunded Liabilities are Massive
As a CPA, it is frustrating to hear Social Security repeatedly being described as a pay-as-you-go (“PAYGO”) system, which gives credence to something that is terribly incorrect. PAYGO is not a system...
View ArticleSocial Security Administration Overpaid Millions in Disability Benefits
Washington Free Beacon had a sobering article about the lack of fiduciary responsibility in the Social Security Administration. A report by the Government Accountability Office (GAO) found that for 5...
View ArticleBudget Deal: SSDI Gets A Bailout from Social Security Trust Fund
The latest reports on the budget deal show some entitlement changes coming to Social Security Disability Insurance (SSDI) and the Social Security Trust Fund. The text of the bill is here. According to...
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