Image for post
Image for post
Photo by Sharon McCutcheon on Unsplash

Politics

Fallacies of the New Social Security Executive Order

The wild reduced payments claims are not there and probably go negative with the increased processing costs and lawsuits.

Goal: Cut welfare spending

Reality: Huge hidden costs & swollen Federal bureaucracy
Net: Cost $20,000 more than payments per recipient

The numbers don’t add up

The fallacy

They ignore the cost to the government of doing so

Increased costs for the government

Beware rose-colored glasses

The real numbers

Net = Total Savings - Recipient Cost * Frequency Factor

Total LOSS of $20,000 per recipient

Conclusion

William “Bill” Myers, Analyzes all, Programmer, retired. If you learn anything new, find enjoyment, have a new thought, then I’m successful. Photo: 1st article

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store