Wednesday, June 25, 2014

Social Securtiy Disability Program Broke in 2016 : Progressive Agenda a Success

Like all of the other government programs of the Obama administration, it has been organized to accept any kind of fraud that will allow people to become entrapped in dependency. There are no jobs that will support a family especially with the cost of everything skyrocketing.

Food stamps recipients are now over 50 million and at least that many are considered in poverty. The welfare rolls are staggering.

The progressive socialists believe this is a good way to increase their voter base as millions leave the work force permanently. This way their options are few except to vote for more of the same.

Explaining the Social Security Disability Insurance Program
Source: Gordon Gray, "Primer: The Social Security Disability Insurance (DI) Program," American Action

June 24, 2014

A new primer from Gordon Gray, Director of Fiscal Policy at the American Action Forum, explains the ins-and-outs of the Social Security Disability Insurance (SSDI) program.

SSDI provides non-elderly, disabled adults (those who have worked in the past but are no longer able to work because of a serious medical condition) with monthly income. Currently, almost 11 million Americans receive an average of $995.38 in SSDI each month.
  • To qualify for SSDI, a worker 31 years of age and older must have worked for at least 5 years within the 10-year period prior to his disability.
  • The work requirements increase with age. For workers 62 and older, they must have worked for at least 10 years, with 5 of those years occurring within the 10-year period leading up to the disability.
  • SSDI only covers "total disability," which requires three things: an inability to perform previous work, an inability to adjust to other work due to a medical condition and a determination that disability has lasted, or should last, at least one year.
  • Some conditions automatically qualify a person for SSDI (such as ALS), whereas others depend upon severity (such as epilepsy). The disability test simply asks whether a medical condition prevents an individual from working.
How are benefits calculated?
  • Benefits are determined by a person's past earnings, which are indexed for wage growth.
  • Higher earners will receive higher monthly benefits, yet the benefits are smaller as a percentage of past income than are the monthly benefits for lower earners.
  • Spouses and dependents can also qualify for benefits.
The SSDI program is currently running a deficit, and, according to recent estimates, the program will be insolvent in 2016. The program has rapidly expanded in recent years, increasing from 2.7 million beneficiaries to more than 10.9 million.

The struggling economy has not helped the situation. In 2010, applications for SSDI reached an all-time high of more than 2.9 million.
 

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