Choose a size...
300x250px Medium Rectangle
336x280px Large Rectangle
468x390px Full Rectangle
728x606px Leader Rectangle
The Social Security Disability Trust fund has been running cash-flow deficits of about $30 billion a year and is expected to run out of money next year.
This is a separate account in the United States Treasury, which does not rely on Congressional approval. What will be the consequences in 2016 when the Social Security Administration will have to periodically request money from the Congress?
This is a disastrous result of a system that was suppose to be self-sufficient. Unfortunately, if Social Security is to remain a viable institution, significant concessions must be made. The system was not designed for the increasing longevity of its recipients and must be properly adjusted if the fund is to recover.
Hopefully a showdown with a Republican Congress over this issue can be avoided, as many older voters towards the right of the spectrum view Social Security very highly.