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SSDI could run out of money in as little as 4 years
 Puerto Rico has emerged in recent years as one of the easiest places in the U.S. to get payments from the Social Security Disability Insurance program, created during the Eisenhower administration to help people who can't work because of a health problem. In 2010, 63% of applicants there won approval, four percentage points higher than New Jersey and Wyoming, the most-generous U.S. states. In fact, nine of the top 10 U.S. zip codes for disabled workers receiving benefits can be found on Puerto Rico.The SSDI is set to soon become the first big federal benefit program to run out of cash--and one of the main reasons is U.S. states and territories have a large say in who qualifies for the federally funded program. Without changes, the Social Security retirement fund can survive intact through about 2040 and Medicare through 2029. The disability fund, however, will run dry in four to seven years without federal intervention, government auditors say. What was it said about democracies? They only last until the public realizes they can vote themselves helpings of the treasury. Posted by: DarthVader 2011-03-22 |
| http://www.rantburg.com/poparticle.php?ID=318755 |