Skip to comments.Under Obama: Disability Trust Fund Runs Record 5 Straight Years of Deficits
Posted on 11/21/2013 8:54:50 PM PST by Olog-hai
In the fourteen fiscal years that preceded President Barack Obamas inauguration in 2009, the tax receipts coming into the federal governments Disability Insurance Trust Fund exceeded the benefits paid out, and the trust fund ran a surplus.
In each of the five fiscal years Obama has served as president, the trust fund has run a deficit as the number of people receiving disability benefits has surged. The Disability Insurance Trust Fund has never before run five straight years of deficits.
In fiscal 2013, which ended on Sept. 30, the Disability Insurance Trust Fund ran a record deficit of $31.494 billion, according to newly released data from the Social Security Administration. That followed deficits of $8.462 billion in fiscal 2009, $20,831 billion in fiscal 2010, $25.264 billion in fiscal 2011, and $29.701 billion in fiscal 2012.
(Excerpt) Read more at cnsnews.com ...
We have to consider the reasoning they live by. Van Jones said that there isn’t a problem with there not being enough money in the US. The problem, as he reasons, is that it just is maldistributed. Everything this administration does is predicated on that philosophy. It doesn’t matter if entitlements are running in the red. Eventually they will come for the money that you earned and apply that to the bill they are running up. Then everything will be fair.
Remember when Mr. K had the guts to denounce the Dead Stalin for what he was? A New man with guts will need to denounce all the illegal things Obama has done. Imagine what will happen when a Sarah palin is elected and used the IRS and The National Parks to punish liberals? Beat up the Press, pull PBS from the public funds? What goes around—comes around.
well, not an apology for Obama, but he is just abusing a system that was faulty to begin with. my first hand knowledge is of my sister who is on ssdi.
when she was about 40 she had her knee replaced. she was in constant pain even after a couple of revisions. her work history was spotty anyway, never staying at a job very long. her doctor suggested she apply. she got denied, got a lawyer, he sent her to a psychiatrist who determined her constant pain left her depressed and unable to work. 20 years later, she is still sucking at the taxpayers teat.
With all these huge *trust funds* the Federal government will never go broke.
*Trust fund* means 'Just Trust us, your $$ is safe. Really!! any other claim is a lie'
“Getting on disability,” a lifetime gig with no strings attached, is the new unemployment benefit.
That’s part of Social Security. And Obama’s already threatened the populace with checks not going out if he does not get his way.
“TRUST FUND”..........!!!!.........I’m rolling on the floor laughing my behind off! The 535 crooks in DC the past 50 years have stole every dime in Washington and that will ever arrive in Washington for the next 100 years.
So everything is going according to Valerie’s plan.