Part 5/9:
Waste, Fraud, and Recommended Reforms
The rampant waste and fraud within Social Security and related programs like Medicaid highlights the desperate need for reforms. Advocates assert that the failings of the system cannot be overlooked. With $36 trillion in national debt, it becomes increasingly vital to ensure that every dollar allocated serves its intended purpose—especially those funds earmarked for vulnerable populations.
Many accept that while the system may never be perfect, transparency and accountability are crucial components in managing public funds. Proposals for reform range from resetting the retirement age to modifying tax structures, yet politicians often shy away from addressing these issues for fear of backlash, being labeled as "Social Security killers."