As explained in the report’s summary:
Social Security’s Disability Insurance (DI) Trust Fund now faces an urgent threat of reserve depletion, requiring prompt corrective action by lawmakers if sudden reductions or interruptions in benefit payments are to be avoided.
Congress could come up with a short-term fix to boost the financing for the disability program while also changing benefits in some way. For example, President Obama recently proposed making it so that people who receive unemployment benefits cannot receive Social Security disability benefits at the same time.
Do not count of government disability or retirement payments in the long run, The funds are just not there, The problem with the disability trust fund is just the tip of the iceberg.
-RW
Here we go and of course correction solution (abolishment) wont be done, they'll increase the tax rate.
ReplyDeleteA ponzi scheme running out of money?
ReplyDeleteYou don't say.
They'll sooner increase fund payouts than decrease them.
ReplyDeletehow is it the plan that we all pay into all our lives, gets depleted...but welfare never runs out of money.. Didn't the first Bush borrow a bunch of money from SSD
ReplyDeleteActually, the beneficiaries are politicians, who borrow most of the money that's paid in, minus current benefit payments, and simply promise to pay it back - someday....
ReplyDelete