General Discussion

Igel

(37,614 posts)

7. For 2013 there was a $32 billion shortfall.

Thu Dec 25, 2014, 06:50 PM

Dec 2014

Total payouts were $142 billion.

Probably higher this year. % of disabled in the US population has increased a lot in the last 5 years (recession, the thinking has been, pushed some marginally disabled to stop working and go on disability).

If there's an increase in benefits, the # will be higher. If unemployment drops and the average wage increases, the # will be smaller.

Problem is that it's not from general revenues but from the FICA spending. Eliminate the shortfall in SSDI and the retirement "trust fund" will drain faster.

Talking about individuals may pull at empathy and stoke sympathy, but the actual impacts to budgets and allocations are where a solution's going to be.

www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&ved=0CD4QFjAE&url=http%3A%2F%2Fwww.ssa.gov%2Foact%2FSTATS%2Ftable4a2.html&ei=SpOcVMbMO5PnsATX_oH4DA&usg=AFQjCNGVKXP51JVOKW6_jZyUHQlxuSlouQ&bvm=bv.82001339,d.cWc&cad=rja

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Disabled Recipients of Social Security Fund Face Hefty Benefits Cut [View all] Omaha Steve Dec 2014 OP

this is bullshit...if we can bail out the banks, we can take care of the disabled. nt antigop Dec 2014 #1

The goverment made money on the bank bailout, it was a win win situation for the citizens Thinkingabout Dec 2014 #30

Is that true.... daleanime Dec 2014 #35

I did not address the lack of prosecution,off-shored tax profits, gutted regulations, excessive Thinkingabout Dec 2014 #44

We both agree.... daleanime Dec 2014 #48

I have a rather long post I'm working on madokie Dec 2014 #84

It's not that I'm missing the one point, I get that.... daleanime Dec 2014 #93

Only because of trillions in back-door bailouts MannyGoldstein Dec 2014 #38

You know the government came out well on the bank bailouts and are smart enough understand Thinkingabout Dec 2014 #46

And in whose favor..... daleanime Dec 2014 #47

If the government made money on this deal whose favor would you think it would be? Thinkingabout Dec 2014 #59

It would hurt the country if millions more became homeless CreekDog Dec 2014 #86

It is more than figuring out who purchased homes which was out of their price range from the start. Thinkingabout Dec 2014 #88

I find myself unable to make.... daleanime Dec 2014 #94

It was a win for the banks brentspeak Dec 2014 #50

Propaganda? That would be by the denial of how much money went out and how much returned. Thinkingabout Dec 2014 #60

Win-win-lose Scuba Dec 2014 #65

+1 Enthusiast Dec 2014 #75

-1 Enthusiast Dec 2014 #74

+1 Enthusiast Dec 2014 #73

Message auto-removed Name removed Dec 2014 #61

screw the poor.. 1handclapn Dec 2014 #2

In addition to owning all that money customerserviceguy Dec 2014 #4

+100 NewDeal_Dem Dec 2014 #12

but..but...Obama is a wealth redistributionist,,, golfguru Dec 2014 #13

Silly! The ONLY reason Obama's socialist-marxist-nazi-commie dreams haven't come to pass... Beartracks Dec 2014 #15

The republicans are clueless. golfguru Dec 2014 #54

Pfft! Facts, nothing more!! Beartracks Dec 2014 #92

Meme? Those accusations were a well rehearsed smokescreen. Enthusiast Dec 2014 #76

SSDI is not income contingent CountAllVotes Dec 2014 #34

Scoot over CountAll... dotymed Dec 2014 #70

:( CountAllVotes Dec 2014 #81

btw ... CountAllVotes Dec 2014 #91

Message auto-removed Name removed Dec 2014 #62

The Social Security retirement funds customerserviceguy Dec 2014 #3

that term "Grand Bargain" - I always wondered LiberalElite Dec 2014 #5

The only thing grand about it customerserviceguy Dec 2014 #8

Ah. Thanks for explaining. nt LiberalElite Dec 2014 #11

The supposed 'fix' didn't fix a damn thing, it was just another scam. And you're misinformed; NewDeal_Dem Dec 2014 #19

Well, then customerserviceguy Dec 2014 #25

Doubt they can either; but who's getting all the money, since GDP per capita is larger than NewDeal_Dem Dec 2014 #32

Your question customerserviceguy Dec 2014 #37

you midunderstood. Real (inflation adjusted) US GDP per capita is higher than ever before in NewDeal_Dem Dec 2014 #41

How could you check this? aspirant Dec 2014 #56

huh? what does the fdic have to do with anything? NewDeal_Dem Dec 2014 #57

Sorry, made the change. aspirant Dec 2014 #58

Raise the pay-in income threshold up to $500,000.00. That should fix the problem! Tax the rich. Dont call me Shirley Dec 2014 #52

Message auto-removed Name removed Dec 2014 #63

Not neccesarily lancer78 Dec 2014 #82

Here is how Candidate Obama was going to fix Social Security: bvar22 Dec 2014 #29

+100 NewDeal_Dem Dec 2014 #33

Cap raises customerserviceguy Dec 2014 #39

You don't necessarily have to raise benefits exboyfil Dec 2014 #40

+1 daleanime Dec 2014 #49

Ask Bernie Sanders, he has the facts. Raising the cap will raise all the revenue needed. Dont call me Shirley Dec 2014 #53

Why is not raising the cap such a sacred cow? I don't recall ever hearing that Congress was Stardust Dec 2014 #55

Because it is a significant tax increase, and a lot of Democrats woould feel Hoyt Dec 2014 #64

It's a slight increase only appllied to the portion of income in excess of the cap at $118,500 Bluenorthwest Dec 2014 #66

It's a 12 percentage point increase on amounts over the cap. We can't get any Hoyt Dec 2014 #67

FWIW....when an SSDI recipient turns 65, they are switched to regular Soc. Sec. funds. dixiegrrrrl Dec 2014 #78

Good point customerserviceguy Dec 2014 #95

I hate every piece of shit that will hold onecaliberal Dec 2014 #6

imagine 9 million more Americans fucked over Ramses Dec 2014 #9

WTF? How can that be?? We gave the rich all the money so they could create jobs and save us all! Beartracks Dec 2014 #16

For 2013 there was a $32 billion shortfall. Igel Dec 2014 #7

"pushed some marginally disabled to stop working and go on disability" NewDeal_Dem Dec 2014 #20

Not to mention you don't go on disability. onecaliberal Dec 2014 #43

Indeed. You have to get a lawyer or you will be denied and then the lawyer gets some of the back pay L0oniX Dec 2014 #69

Yup... My wife has emphysema, heart disease, SomethingFishy Dec 2014 #72

I've already planned for it gerogie2 Dec 2014 #10

I can see right away Cryptoad Dec 2014 #14

What, no ponies? They just don't understand how government works. Doctor_J Dec 2014 #17

the swooners have not come up with the meme to cover this yet but they will Skittles Dec 2014 #24

"swooners" - like 840high Dec 2014 #26

When it comes to GOP in Congress tooeyeten Dec 2014 #18

and you might see, if you study the matter, that a lot of the super-rich often have more than NewDeal_Dem Dec 2014 #21

Kicked and recced. madfloridian Dec 2014 #22

There is a fallback built into the current law madville Dec 2014 #23

The fix that will probably be agreed to is to redirect some FICA taxes from Social Security PoliticAverse Dec 2014 #51

Couldn't they just raise or scrap the cap? Alkene Dec 2014 #68

Of course they could, but it doesn't seem likely the Republicans would agree to that. n/t PoliticAverse Dec 2014 #77

Here would be a good place to print. nt abelenkpe Dec 2014 #27

I am afraid it is all a house of cards SSI, SSDI, Medicare,SS and our pensions and nobody is doing doc03 Dec 2014 #28

But they didn't say that about the money that bailed out the banking industry, did they? NewDeal_Dem Dec 2014 #36

Yeah. Where did that $15 billion in profit go? It sure as hell didn't go to shore up food stamps. liberal_at_heart Dec 2014 #45

This will put the 2016 contenders to the test, especially the Democrats. WinkyDink Dec 2014 #31

All they have to do is say the right thing and then do the opposite when they get elected. liberal_at_heart Dec 2014 #42

BS negoldie Dec 2014 #71

We are in the exact same boat CountAllVotes Dec 2014 #80

The other zinger in California: No food stamps daredtowork Dec 2014 #79

California adds money to people's SSI payments in lieu of food stamps... PoliticAverse Dec 2014 #83

The money does not make up for the cost of living daredtowork Dec 2014 #85

Your talking about SSI CountAllVotes Dec 2014 #87

That's right, I was responding to the post about SSI/SSDI recipients not being eligible PoliticAverse Dec 2014 #89

You are correct CountAllVotes Dec 2014 #90