Disability Trust Fund Ran Record $31.2B Deficit in 2012; In Deficit Every Year Under

[Stephanie]

another Historic milestone under obama...
links in article at site

SNIP:
April 4, 2013




(CNSNews.com) - The federal Disability Insurance Trust Fund, which takes in money via a federal payroll tax and pays it out in disability benefits, ran a record $31.2 billion deficit in calendar year 2012, according to the Social Security Administration.

That means the trust fund has run a deficit in each of the first four years of the Obama presidency.

For fifteen straight years before Obama took office—from 1994 through 2008—the Disability Insurance Trust Fund ran a surplus. In 2007, for example, it ran an $11 billion surplus and in 2008 it ran an $889-million surplus.

In 2009, however, the Disability Insurance Trust Fund dipped into the red and has not returned to the black since then. In fact, each year since then the annual defiict has increased.

In 2009, the disability trust fund ran a $12.2 billion deficit; in 2010, it ran a $23.6 billion deficit; in 2011, it ran a $26.1 billion deficit; and in 2012, it ran a $31.2 billion deficit.

These deficits in the Disability Insurance Trust Fund have coincided with a massive run-up in the number of American workers taking federal disability payments.

In January 2009, when President Barack Obama was inaugurated, 7,442,377 workers took disability payments, according to data published by the Social Security Administration. In March 2013, 8,853,614 took disability payments. The 1,411,337 additional workers taking federal disability payments since Obama took office represents an increase of about 19 percent in the number of Americans claiming a disability.


all of it here
Disability Trust Fund Ran Record $31.2B Deficit in 2012; In Deficit Every Year Under Obama | CNS News

 

[Rozman]

Obama bucks...come get some!

 

[hortysir]

10,000 new seniors per day will do that

 

[depotoo]

uhm, disability trust fund...

Pretty sad, huh?

 

[Mr. H.]

10,000 new seniors per day will do that

Fraud And Disability Equal A Multibillion Dollar Black Hole For Taxpayers - Forbes

When our president took office 40% of the population received some sort of government assistance. That number now stands at over 55%. There is an alphabet soup of welfare programs that create disincentive to seek gainful employment.

And...

It’s like checking in a hotel and never leaving. Of the 653,877 souls that departed the program in 2011, 36% departed by being gracious enough to die, while 52% reached retirement age and seamlessly switched to other benefits. Only 6% returned to work and 3.6% exited the program due to medical improvement. According to Congressional Research Services this program cost taxpayers $128.9 billion in 2011 and was in deficit to the tune of $25.3 billion. Funded by the 1.8% payroll tax and comprising nearly 18% of all social security spending, at current pace the trust fund may be exhausted by as early as 2015.

 

[depotoo]

incredible numbers there Mr. H.

 

[Mr. H.]

So, let me get this straight- Obama becomes President and all of a sudden more people get sick, they become disabled, and a disproportionate number suddenly become unemployed... and stay that way.

Not only do they stay that way, more are joining the roles every month.

No wonder the fucker got reelected.

 

[hortysir]

So, let me get this straight- Obama becomes President and all of a sudden more people get sick, they become disabled, and a disproportionate number suddenly become unemployed... and stay that way.

Not only do they stay that way, more are joining the roles every month.

No wonder the fucker got reelected.

Check the sig

vvvvvvvvvvvvvvvvv