~ US Taxpayers have lost about $3T to fraud since 2003, currently losing about $500B annually: Report
Del Beccaro: That $500 Billion yearly loss represents 1/3rd of Social Security outlays for a year. Yet, if you ask most people what should be done about the looming cuts to Social Security benefits, almost everyone says you have to raise taxes. Endless taxation, however, kills jobs and there aren’t enough people working to pay taxes to fund Social Security. In that reality, going after government fraud becomes a necessity.

