Tuesday, 4 June 2013
Numbers on disability soar by 3.3m in 10 years - fund will run out of money in 3 years
Posted on 05:20 by Unknown
Huffington Post reports that the disability fund will run out of funds in 3 years if no extra money is given to it.
Hardly surprising when the number of people on disability has soared by 3.3m in 10 years (an increase of 60%).
This is during a period when the number of industrial accidents has DECLINED.
Increasing numbers on disability is a useful method for the government to hide true unemployment rates.
U6 unemployment would be reported as 2% higher, if the increase in disability payments over the last 10 years had not happened.
It matters not to the government that disability payments are higher than unemployment benefits, nor that disability payments are effectively permanent while unemployment benefits are only paid out for a year or less.
The government is in no way interested in reducing it's costs.
It is only interested in looking better than it otherwise would, to the public.
The media, whether through sheer ignorance or because they are in bed with the government plays along.
SSA's own statistics
http://www.ssa.gov/oact/STATS/dibStat.html
The Huffy Po article
There is nothing of interest in it except that the disability fund will run out of money in 3 years.
It contains a lot of obfuscations, omissions and misrepresentations - par for the course for a Huffy Po article you might say.
http://www.huffingtonpost.com/2013/06/03/disability-insolvent_n_3375740.html
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