Tuesday, March 26, 2013

National Editorial: Soaring Social Security disability rolls headed for collapse | WashingtonExaminer.com

 

In 2011, on average, one net person has been added to Social Security's Disability Insurance rolls (and 3.3 to its retirement program) for every five net new jobs created. Since 1970, the number receiving DI has grown sixfold (from 1.4 million to 8.8 million), and the program expenses have grown tenfold, which is unsustainable. The federal government now spends more on disability than food stamps and welfare combined. In 2009, DI began paying out more in benefits than it took in from payroll taxes. By 2016, it is set to run out of money.

National Editorial: Soaring Social Security disability rolls headed for collapse | WashingtonExaminer.com

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