When you are a Social Security recipient who has been deemed to be unable to take care of your financial affairs, you may appoint a "representative payee" to receive the benefits for you. Of course, that payee must also have a Social Security number so they can track the money. But, a recent audit shows $1 billion was paid by mistake over the last 10 years to people who claimed to be representatives but provided no identification.
But, that's not all. At the current rate, $183 million in such benefits is now being paid out improperly per year. That's another 1.8 billion over the next 10 years! And... about $850 million has been paid out to people who are no longer representatives.
No wonder the Social Security system is bleeding. Had those erroneous payments not been made, do you suppose Social Security benefits to the people who are legally entitled to them might have increased in the last three years?
Somebody should go to jail over this.
That's MY AMERICAN OPINION, respectfully submitted.
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