What’s Wrong with Social Security Admin by Senator Kennedy of Louisiana

[Jaime]

At the approx 8:30 point, Kennedy asserts that the Social Security Administration's data indicates there are 6.5 million people in America that are 112 years if age or older, while worldwide records indicate no more than 40 people are 112 years of age or older.🤔

[Texas Conservative]

It's a ponzi scheme

[Rella]

It's a ponzi scheme

It is worse then that. It is thievery.

My mom died on Oct 14, and not long after came a notice her social security payment would be withdrawn on Nov 8 and if there were not enough funds in the account severe penalties would ensue.

That did happen.It was pulled.

But what has not happened was they owe my mother $255 death benefit
which they have not paid. All the while they are making interest on it until it is... and there is no time table

[Jaime]

It's a ponzi scheme

Kennedy was not commenting on the SS system, but of the SS ADMINISTRATION. The validity of the SS system is a whole other discussion worth having. Willfull payment uear after year to 6.5 million long dead individuals is mismanagement at best an extremely incompetent ponzi scheme.

[Rella]

Kennedy was not commenting on the SS system, but of the SS ADMINISTRATION. The validity of the SS system is a whole other discussion worth having. Willfull payment uear after year to 6.5 million long dead individuals is mismanagement at best.

Yep, and wonder if it even got to the right checking accounts which should have been closed.

More likely into some SS pocket if they figured a way.

[Wycliffes_Shillelagh]

I reckon those people never had a death certificate filed.

Some of that is probably fraud (kids want to keep collecting that check) while other of it is simply clerical oversight somewhere.

[Jaime]

But 6.5 million is a huge miss as compared to 40 WORLDWIDE! That's like the difference in AOC's net worth after her election to congress as opposed to before.