It’s Welfare

SSDI. NTTAWWT, I just think we need to call it what it is. And it’s headed for insolvency.

In 2005, SSDI began spending more money than it brought in through tax receipts. In 2010, the number of beneficiaries grew by 489,488, the largest one-year increase ever. It is projected to spend $153 billion on benefits and other costs in 2015, $22 billion more than it brings in through tax revenue and other income. Its surplus funds built up over the years are expected to be extinguished in four to seven years.

Supporters say that it’s a vital program for millions who have “paid into the system.” But, a person can qualify for disability as young as 21, as I’ve linked before. And the average lifetime payout? $300,000. I doubt a 21 year-old has “paid into they system.”

The disability insurance trust fund was created in 1957 to provide a backstop to people who worked several years before suffering a debilitating illness or injury. Disability beneficiaries can now include those with cancer, chronic back pain, persistent anxiety and schizophrenia.

Yet again, we see a government program that was begun as a worthy goal, and has morphed into a monster. People with anorexia qualify. My husband had an employees with BOTH parents on disability because they had “attempted suicide.” Both of ’em.

Social security supposedly is available if you’ve “paid into they system”

Social Security Disability Insurance pays benefits to you and certain members of your family if you are “insured,” meaning that you worked long enough and paid Social Security taxes.

How much do you have to work? Basically, you need to earn $4480 a year to qualify. Fore every year you earn that amount, you get four credits – a single credit is $1,120.

The number of work credits you need to qualify for disability benefits depends on your age when you become disabled. Generally, you need 40 credits, 20 of which were earned in the last 10 years ending with the year you become disabled. However, younger workers may qualify with fewer credits.

So, 10 years of 4 credits per year, you’re fully in the system. Ten years? Well, I guess you’ve sorta paid into the system to get $300,000 in benefits. Of course, younger works … those who haven’t worked those ten long years of paying into the system … they qualify with fewer credits.

If you are under 24, you only need 6 credits. If you’re 27 when you become disabled, you only need to have “worked” 3 years, earning 12 credits. Those credits, since you get 4 credits a year for earning only $4480 can easily be gotten by part time employment.

Now, I’m not against helping the truly disabled. But, we need to call it what it is. It’s welfare.

Puerto Rico has long had an outsize reliance on disability benefits. The island has had a double-digit jobless rate for most of the past 30 years, settling at 15.7% at the end of December. Doctors here say as people find it harder to get a job, they apply for disability benefits.

Even though Puerto Rico’s population fell in the past 10 years, from 3.8 million people in 2000 to roughly 3.7 million today, the number of people on SSDI rose 25% from 2000 through 2009 to 188,298. The Social Security Administration sent roughly $163 million a month in SSDI benefits to Puerto Rico in 2009, the last available full-year data, accounting for 2% of the program’s total spending.

When SSDI pays pretty close to the average low-wage job (in Puerto Rico), you’re going to see 15% of the population receiving a check.

Either that, or Puerto Rico is rife with disabled people. I’d stay away.

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2 Comments on “It’s Welfare”

  1. Svenster Says:

    Dependent people are so much easier to control.

  2. Car in Says:

    Very true.

    Modern slavery.

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