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New Senate reports suggest that some officials in the Social Security Administration are wrongly awarding disability benefits. Republican Senator Tom Coburn led an investigation into some 300 cases, and according to the Senators report officials approved disability benefits in more than 25% of those cases with “insufficient or contradictory evidence”. The report indicates that judges are often rushing through a backlog of claims, which could have an enormous consequences that can potentially cost millions to taxpayers. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News’ Studio B to examine the Oklahoma’s State Senator’s report uncovering major issues with Social Security and what it all really means.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: disability benefits, financial advisor, fox news, republican senator, social security, taxpayers, tom coburn, wealth manager