Disability

[dellinger63]

Originally Posted by dellinger63

What's sad is the cost of anticipated fraud has already been figured out by some actuary and passed on to every purchaser of workcomp insurance. A big reason why its cost is so high.

Kind of like the U.S. and State government's handling of fraud concerning welfare, unemployment, SSI, food stamps, student loans, FHA loans, etc. etc. being a big reason our deficit is so high. But then again it's not the fault of the individual anymore it's the fault of society.

Especially the part of society that considers themselves Patriots.

[GenuineRisk]

Originally Posted by dellinger63

Kind of like the U.S. and State government's handling of fraud concerning welfare, unemployment, SSI, food stamps, student loans, FHA loans, etc. etc. being a big reason our deficit is so high.

Uh, yeah... no.

[jms62]

Originally Posted by dellinger63

Kind of like the U.S. and State government's handling of fraud concerning welfare, unemployment, SSI, food stamps, student loans, FHA loans, etc. etc. being a big reason our deficit is so high. But then again it's not the fault of the individual anymore it's the fault of society.

Especially the part of society that considers themselves Patriots.

You add all that fraud together for a year and it probably doesn't fund the war effort for a day.

[dellinger63]

Originally Posted by jms62

You add all that fraud together for a year and it probably doesn't fund the war effort for a day.

You'd be shocked.

In a 2011 article, Forbes reported, "The best estimate of the cost of the 185 federal means tested welfare programs for 2010 for the federal government alone is nearly $700 billion. Counting state spending, total welfare spending for 2010 reached nearly $900 billion.

A 10% fraud rate it puts the cost/loss at $90 billion per year.

By your assumption the cost of war is $32.8 TRILLION/year.

[jms62]

Originally Posted by dellinger63

You'd be shocked.



A 10% fraud rate it puts the cost/loss at $90 billion per year.

By your assumption the cost of war is $32.8 TRILLION/year.

You showed me.. I guess the war isn't the issue

http://costofwar.com/

[dellinger63]

Originally Posted by jms62

You showed me.. I guess the war isn't the issue

http://costofwar.com/

I'll go by CBO numbers over costofwar.com, but keep trying. Wonder what buygold.com has to say about gold as an investment? LMAO

[jms62]

Originally Posted by dellinger63

I'll go by CBO numbers over costofwar.com, but keep trying. Wonder what buygold.com has to say about gold as an investment? LMAO

Yeah that changes things.. I won't LMAO though because our boys keep getting brought back in body bags and in pieces...

[dellinger63]

Originally Posted by jms62

Yeah that changes things.. I won't LMAO though because our boys keep getting brought back in body bags and in pieces...

Well thank God 'the war on terror is over.'

Now if only we could stop our citizens from making anti-muslim video shorts.

It's just too bad extremist Muslims aren't more like extremist Mormons and just not watch the flick/play.

Go figure, the video gets condemned and the play wins almost a dozen Tony's.

[dellinger63]

According to a Congressional Budget Office (CBO) report published in October 2007, the U.S. wars in Iraq and Afghanistan could cost taxpayers a total of $2.4 trillion dollars by 2017 when counting the huge interest costs because combat is being financed with borrowed money. The CBO estimated that of the $2.4 trillion long-term price tag for the war, about $1.9 trillion of that would be spent on Iraq, or $6,300 per U.S. citizen.

So $2.4 trillion over 10 years, 240 billion a year or 657 million a day and that includes interest.

Welfare spending if it should remain the same (fat chance) would come to $9trillion over the same period of time WITHOUT INTEREST included.

So before we again go into the 'war' zone let's realize we spend 5 times as much on welfare programs.