Bernie Sanders forgot to mention that the government made a $1.4 BILLION profit on its injection of aid into Goldman Sachs, amounting to a return of 23% over a year for taxpayers, though it’s unclear whether that was spent wisely by government on behalf of “working Americans”.
2. In 2014 the Economist reported about a cluster of luxury condos in Brighton Beach, Brooklyn. “The 865-unit complex had a garage full of Porsches and Aston Martins—and 500 residents claiming Medicaid, which is meant for the poor and disabled.”
3. “Fraud added as much as $98 billion to annual Medicare and Medicaid spending—up to $272 billion across the entire health system.” Today politicians campaign on wanting or opposing cuts to Medicare and Medicaid but little public discussion about how much fraud there really is.
4. Social Security, Medicare, and Medicaid have thousands of workers responsible for cracking down on fraud (which is partly facilitated by the bureaucratic siloed setups across those orgs) but all this costs taxpayers. So the key question to ask is how can we improve his setup?
5. Can we replace Social Security, Medicare and Medicaid with a more modern, streamlined, integrated fraud-resistant welfare system?
If we were to start with a clean-paper design, what would that look like?
How much would that save taxpayers? $2.5 trillion by 2030? More?
6. Social Security Administration ranks third among government agencies when it comes to improper payments. Total estimated improper SSA payments in 2015 was $7.64 billion. Fake or stolen SS numbers are involved in fraudulent IRS tax returns schemes that cost billions💰 more.
7. Fixing the hodgepodge of welfare systems (Medicare, Medicaid, Social Security) should be a top priority to ensure citizens who need the support are getting it at crucial life stages but zero discussion of this so far among 2020 presidential candidates.
8. POTUS candidates hesitate to analyze welfare systems and rationalize costs to improve services because they fear opponents will spin that as cuts to “entitlements” but imagine saving $2.5 trillion to invest in education, infrastructure, and healthcare.
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