Posted on 01/26/2013 6:40:59 AM PST by tobyhill
As President Obama faces pressure on the left to defend federal entitlement programs from the benefit cuts that the Republicans say are necessary to keep the programs solvent decades down the road, one part of Social Security could fall short of paying out full benefits within a few years -- even while Obama is still president.
Over the long term, Social Security and Medicare have promised tens of trillions of dollars more in benefits than the nation can pay for under current policies. But Social Security's disability trust fund is in even worse shape, and current estimates say by 2016 it won't have enough money to pay full benefits.
"That's three years from now," Jim Capretta of the Ethics and Public Policy Center said. “And given the president's rhetoric and his posture, it's quite clear that he has no intention of doing anything about it."
(Excerpt) Read more at foxnews.com ...
he is s hint. I too have worked as a physician in the ER and in private practice. I have had patients tell me they are in the ER cause their lawyer told them to rack up large medical bills to help them with their SS disability claim.
The trick is fooling people into thinking there is some sort of trust fund when the money coming in is spent every year. Nice trick.
This article scares me to death for a relative who is most certainly not able bodied and SSI is her only income. Lying on her back right now with legs swollen like elephant’s. We are taking care of her kids at the moment.
I’ve turned in people for everything and nothing ever comes of it. File 13. The government jumps on such like ICE jumps on illegals in a Mexican protest parade. For example, years ago when the kids were little, I had a run in with a doctor who made parents sign a form for medicaid payment before seeing their sick kids even if they paid out of pocket or through their insurance. That doctor is still in business and is probably still double dipping.
The first principle underlying the program is that security for the worker and his family grows out of his own work. He earns his future security as he earns his living and he pays toward the cost of his social security protection out of his earnings.
Another important principle is that to the extent possible coverage is compulsory. A society cannot be secure if large numbers of its members are not protected against the loss of earnings that results from the retirement, disability, or death of the family provider.
Lying sociaiists.
Everything about socialism is sham and affectation. - Bastiat
Socialism Is Legal Plunder - Bastiat
Above all, if you wish to be strong, begin by rooting out every particle of socialism that may have crept into your legislation. - Bastiat
<-That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
Socialism does not make you happy or safe. Witness current events and a 16+ trillion dollar debt.
If a Republican gets elected in 2016, just imagine the mess they will inherit. And they would be blamed for every aspect of it.
Isn’t claiming depression and drinking/drugs considered a disability? I remember for years meeting collecting disability for something stupid like that and sometimes I would think I was stupid for working long hours and still struggling. They rec’d the SS, foodstamps, free healthcare and housing help for doing nothing. Most of the time they weren’t even really disabled.
I think you and Algore both have a misperception of what a trust fund is about ~ when it comes to taxes.
President Obama faces pressure on the left.
They will never question their God and money supply.
And you seem to share the delusion with Gore that there is some sort of lockbox. Socialist security is a scam. There is no trust fund and no lockbox.
The pols have stolen the money and spent it since inceptiopn of the program years ago on their usual, corrupt poofiness for them selves and their friends. The pols are thieves. May justice find them all.
Thirty year olds collecting ‘disability’ because they have ‘anger issues’??? Charming.
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http://online.wsj.com/article/SB10001424053111903532804576564543481258206.html
Shortly after the layoff, 290 of the 300 former employees applied for Social Security disability benefits and they all used the same doctor, who lived far from the plant, Mr. O’Carroll told the audience. Mr. O’Carroll didn’t identify the doctor, whose identity couldn’t be learned.
record of 8,575,544 workers collecting federal disability benefits and among them were 1,304,851 doing so because they suffered from “mood disorders.”
The incidence of “mood disorders” among disability beneficiaries was not proportionately distributed among the states and territories, according to the official SSA statistics. Some locations had much higher percentages of disability beneficiaries diagnosed with mood disorders than other locations.
Like I said it's a trick with accounting. And think about this a moment, you go out and collect several hundred billion dollars where would you put them? A warehouse?
Obviously it is far better that the government SPEND the money asap! / s
When there’s no jobs available, applying for disability becomes inevitable.
Yes, they would. Even a conservative or individual thinking/speaking/acting out of the bureaucratic box they have put us in is unacceptable.
Socialist security is built on the backs of dead Americans
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