We have heard all sorts of horror stories that Social Security will go bankrupt if the benefits are not cut. We have heard stories that the younger people paying in will never see a penny of their money. We have heard stories of benefits being limited for those Americans who actually saved for retirement. We have heard very few stories of how the Social Security Administration spends the money it has.

Yesterday The Washington Free Beacon posted a story about how some of the money taken in by the Social Security Administration was spent.

The article reports:

The Social Security Administration billed taxpayers $32 million for work conferences, according to a new audit.

The inspector general for the agency reported that just over 300 conferences cost taxpayers roughly $100,000 each in travel, meals, and lodging expenses during a three-year period.

The audit found that the agency mostly complied with federal reporting requirements to disclose conferences that cost $20,000 or more. The inspector general did find two instances where those conferences were not reported, because initial cost estimates fell below the $20,000 threshold.

Another reason to drain the swamp. How much of the money spent could have been used to shore up the program or provide Cost of Living Allowances for senior citizens?