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Reply #11: And that's just the tip of the iceberg. [View All]

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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 05:41 PM
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11. And that's just the tip of the iceberg.
Social Security disability is on the verge of insolvency

New congressional estimates say the trust fund that supports Social Security disability will run out of money by 2017, leaving the program unable to pay full benefits, unless Congress acts. About two decades later, Social Security's much larger retirement fund is projected to run dry as well.

Much of the focus in Washington has been on fixing Social Security's retirement system. Proposals range from raising the retirement age to means-testing benefits for wealthy retirees. But the disability system is in much worse shape and its problems defy easy solutions.

The trustees who oversee Social Security are urging Congress to shore up the disability system by reallocating money from the retirement program, just as lawmakers did in 1994. That would provide only short-term relief at the expense of weakening the retirement program.

http://news.yahoo.com/social-security-disability-verge-insolvency-090119318.html

The disabled will be helped by everyone who actually works for a living, and therefore contributes payroll taxes - with a cutoff at $106,800 of earned income and no contribution whatsoever from those who have unearned income (which is where rich folks get most of their money).

Widows, orphans, and the disabled must be helped. But why is it that those earning minimum wage are contributing to their welfare and people like Bill Gates are not?
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