If Congress doesn’t act soon, Social Security disability benefits will run dry in 2016, according to trustees of the program. Eleven million people currently receive disability benefits, which average $1,017 a month. If the money runs out, an automatic 19 percent cut in benefits will kick in.
President Obama has supported shifting tax revenue from Social Security’s retirement fund to its disability fund, but Republicans say they want changes made to encourage disabled workers to go back to work.
Trustees said that with retirement and disability funds combined, the program would have enough money to pay full benefits until 2034. Read more.
{CB Frommer-Matzav.com Newscenter}
how come you never hear that welfare may dry up?
Welfare, Medicaid, food stamps ,WIC stamps, rent subsidies, free cell phones……none of these programs is running out of funds ,Disability and Medicare, program for which people have paid in monies from their earnings are threatened to run out of funds ? Something does not add up !