Reports of unwarranted abuse of disability income by those involved in the program should come as no surprise. With many folks laid off from their prospective jobs, many have turned to relying on the Social Security Disability Insurance – only under qualification. The thing here is that the service may as well be retiled the “Lifetime Unemployment Program” since its become an economic option for the unemployed, who have no plans of looking for another job.
Social Security trustees voiced their opinion last May:” The projected cost of Social Security increases faster than projected income through about 2035 primarily because of the aging of the baby-boom generation and relatively low fertility since the baby-boom period. [That] cost will continue to grow faster than income … after 2035 due to increasing life expectancy. [We] project that the DI [Disability Income] Trust Fund will have sufficient reserves to pay full benefits on time until 2016. Legislative action is needed as soon as possible.”
Many agree that the way to keep the system afloat is by making sure that these people remain productive and get to work. Taxpayers are becoming upset and many are worrying that Social Security will be going bankrupt sooner than expected.
What can be done?
Read more at The New American.
|Kenneth G. Marks has been practicing personal injury law since he was admitted to the California Bar in 1981. www.KmarksLaw.com|