Posted on 01/01/2014 10:49:48 AM PST by SeekAndFind
For the 202nd straight month, the number of Americans receiving disability benefits rose. The end of 2013 saw another record set - 10,988,269 Americans now on disabilty, up 6,000 from the end of November.
The average monthly benefit paid to a disabled worker also hit a record of $1,146.43 in December, up from a previous high of $1,130.34 in December of last year.
Spouses of disabled workers also got a record average monthly benefit of $308.13 in December, up from a previous high of $304.31 in August. Children of disabled workers also received a record average monthly benefit of $341.42 in December, up from a previous high of $337.13 in May.
As CNSNews.com reported earlier this month, the number of Americans getting disability benefits now exceeds the entire population of Greece, which is 10,772,967, according to the CIA World Factbook.
The record 10,988,269 total disability beneficiaries in December, included a record 8,942,584 disabled workers (up from 8,941,660 in November), 1,888,624 children of disabled workers, and 157,061 spouses of disabled workers.
When CNSNews.com reported on Dec. 3, 2013 that the number of people taking disability benefits had hit an all-time high as of November, it also incorrectly reported that November was the 202nd straight month that the number of disabled workers in the United States had increased. In fact, November was the 201st straight month that the number of disabled workers in the United States had increased.
(Excerpt) Read more at americanthinker.com ...
What a scam.
Can they get foodstamps, too?
"Social Security’s Disability Insurance (DI) program satisfies neither the Trustees’ long-range test of close actuarial balance nor their short-range test of financial adequacy and faces the most immediate financing shortfall of any of the separate trust funds. DI Trust Fund reserves expressed as a percent of annual cost (the trust fund ratio) declined to 85 percent at the beginning of 2013, and the Trustees project trust fund depletion in 2016, the same year projected in the last Trustees Report. DI cost has exceeded non-interest income since 2005, and the trust fund ratio has declined since peaking in 2003. While legislation is needed to address all of Social Security’s financial imbalances, the need has become most urgent with respect to the program’s DI component. Lawmakers need to act soon to avoid reduced payments to DI beneficiaries three years from now."
The scam is I spent 30 yrs buying long term disability insurance and when I had to begin collecting they were able to shift about half their obligation to ss disability. The disability insurance provider paid a legal firm to get me qualified for ss disability in a matter of months.
I am disabled and dismayed.
All they need to resolve the funds lack of contributions is to increase the amount paid by contributors.
We can find the money somewhere.
Dem government all ways has an answer.
Cloward and piven?
Distressing numbers
That is terrible, I can’t believe it, that is a scam.
Are you stating that private disability insurance has been reduced by the amount of Federal SSDI? That doesn't sound legal to me.
Exactly so. The private Disability Co. reduced their obligation to pay me by about 50 percent by getting me qualified for SSDI.
Seems to me that the two payments should be additive. Somethings not right here. You pay decades into private health insurance and decades into SSDI. Perhaps a chat with a disability specialist would be in order?
On average, Americans are aging quickly. I was told to go on disability by a government counselor during the ‘90s but refused (line-of-duty injuries—Army). Off and on, I’ve done hard labor for income since then and have been treated like garbage anyway. It’s all about appearances, you know.
Political parties stink. Influential constituents stink. Contemporary political speech stinks—just about all of it. The trend of immorality and dishonesty stinks.
Have fun. Enjoy the foreclosures and bankruptcies.
The rest of the middle class is going to fall like rain...or real garbage.
What is going to happen is that T-bills from the SSTF will be shifted to the SSDI Trust Fund.
“What is going to happen is that T-bills from the SSTF will be shifted to the SSDI Trust Fund.”
Yeah, gets better all the time. The long term insurance provider, (Metropolitan) after having shifted one half their obligation to SSDI, is now fishing my medical providers for an allowance to continue their retreat from their obligation to me.
“Well no Ms I haven’t seen a doctor in the last year because
I don’t have medical insurance.”
Then, wait for it.
After one year on Social Security Disability Medicare is automatic.
Gooberment promises, corporate promises, FED promises, Quantatative Easing promises, the end is neigh.
Dismaybled.
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