Posted on 07/23/2015 4:27:37 AM PDT by IBD editorial writer
The Social Security Administration's latest annual report says what it has been saying for several years now — its disability insurance program will become insolvent in 2016.
(Excerpt) Read more at news.investors.com ...
When the recession hit, people younger than 62 who lost their jobs and couldn't find work had to explore all the options. Prior to the recession, many of these people WERE disabled under the current guidelines, but preferred working to being members of the FSA.
Contrary to popular opinion, it's not that easy to qualify for SS disability. We helped a friend who has early onset Alzheimer's (she started showing symptoms at age 55) through the process and it took reams of paperwork, consultant fees, doctor input, and many months of waiting during the processing time. This person had a very sympathetic employer who turned every stone upside down to accommodate the disability and find any kind of job around the office that she could "kind of" do. Most employers wouldn't have gone to that extent.
Actually if you’re in Puerto Rico it’s quite easy. My neighbor is on it for ‘depression’ and readily admits he could take & hold a job at Home Depot if he wanted (his former employer) but he doesn’t want to.
The ca$h was OK until LBJ stole it all and used it to buy votes back in the 60’s.
Trust Fund? HAHA
That nest egg is just worthless IOUs from one part of the federal government to another. That $$$ was spent as soon as it was collected. Any $$$ used from the 'trust' fund requires the treasury to borrow it.
A Liberal Democrat explains the why the Social Security Trust Fund is safe
Get rid of all the damn free loading “gimmedats” and the SS funds would rebound albeit it very slowly. Few people pay INTO it due to no jobs or not wanting to work. There are “Help Wanted” ads all over the place, that says a lot. The bastards are living off those of us who paid into the system and have no intentions of going to work.
They can kick the can down the road several more decades by lifting the current cap on payroll taxes and implementing a Tobin Tax on Wall Street to supplement it.
It will be highly popular.
It will pass.
Lots of Republicans will vote yea.
Just want to be able to say that I warned you.
“Contrary to popular opinion, it’s not that easy to qualify for SS disability”
11 million people would say otherwise. Most cases INITIALLY are declined but that settles nothing as it can be appealed. And appeal they do and more often than not they win. Shyster Disability Lawyer TV commercials run almost as often as the Mesothelioma Law Firm commercials in So. Cal.= multiple times a day.
Case in point I ran into an ex co worker of mine (60 years old) at the Grocery store. We both lost our jobs when the Elec. Manufacturer we worked for pulled up stakes and went out of State four years ago. “How are you doing, did you find a job” No i’m on disability, I had a stroke. This man was perfect in every way, no physical impairment, no speech impairment, no mental capacity impairment, nothing.... nada. He was pushing around a fully loaded grocery cart like it was nothing. If I recall correctly he is getting $1100 a month and medical for the whole family.
The only ‘social security’ dems care about is ‘disability’... cause that’s what keeps Detroit and Chicago’s South Side in their drugs of choice.
Go down to any Social Security office and the waiting room will be filled with black gang bangers...
I’ve read that a lot of people who are a few years from retirement age who lose their jobs have been using this as a way to bridge the gap. Many people over 60 have health issues which could be generously interpreted as a “disability” if one were so inclined.
Also keep the fictional 5.5% unemployment numbers going, so it works for them on so many levels.
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