Social security would not be broke if they didn’t use the funds for disability and every other use.
How can Social Security be broke when we never run out of money for welfare and illegal aliens? Can’t they use that pot of money instead? /s /s /s
About twenty years ago AARP magazine had an article on how the Social Security system can never go broke AND it is Not a Ponzi Scheme because it brings in new investors, so can never collapse as Ponzi schemes do.
A few pages more and there was an article by Jane Briant Quinn on how the SS system is set up. Without saying the words, it was set up just like a Ponzi Scheme that forces new investors to join and pay in.
SSDI - Social Security Disability - is paid out of the Disability Insurance Trust Fund (created in 1957).
SSDI benefits are paid to workers for temporary and permanent disabilities. A worker must have accrued enough work credits to qualify. A full benefit amount for an individual is based on what their social security amount would be at FRA - full retirement age. If someone is determined to be 100% permanently disabled at 50 years old, their monthly benefit will generally be the amount calculated to be their full retirement benefit. Those statements we all get from SSA show the numbers.
SSI - Supplemental Security Income - is paid out of the General Fund.
* you are 65 or older, blind or disabled;
* you are a U.S. citizen or lawful resident;
* and you have very limited income and financial resources.
In 2023, the SSI standard for limited income is income of up to $914 a month for an individual or $1,371 a month for a couple.
Regular Social Security is paid out of the OASI Trust Fund: Old-Age and Survivors Insurance.
I recall reading a few years back that the DITF has historically been more solvent than the OASI Trust Fund. Not sure if that’s still the case.
"Disability" started out as a good thing. Helping people who really were disabled.
Then democrats and their various 'victim groups' decided there was too much easy cash to ignore. So anyone with an positive HIV test was collecting... anyone 'homeless' was pulling in cash - even anyone with a bad temper or an addiction...
We know why the real statistics are never released and the bimbos and pretentious 'men' of the press never look.. this is the biggest scam since the Snake told Eve to eat the apple - it would all work out. '