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Reply to "Lets Slash Entitlements"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Let's not slash entitlements, but instead reduce the 100 billion dollar overhead administrative costs to deliver those benefits. And cut out the fraud too. [/quote] https://www.ssa.gov/oact/STATS/admin.html SSA has overhead costs of less than 1% of their total expenditures. Can you name any other entity, public or private, that operates that efficiently? Yeah, didn't think so.[/quote] Any Vanguard fund.[/quote] Is Vanguard distributing checks to millions of people around the country? I'm not talking financial funds, I'm talking entities that actually do things. Like manage millions of transfer payments every month. Vanguard is charging you that amount to have a very small number of investment professionals sit in front of a computer and make trades, which is nowhere near as complex as what the SSA does.[/quote]
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