As we noted last week, Social Security Disability Insurance (SSDI), is under attack. Whether a direct assault arguing it is too big and too expensive, or the more subtle grounds that it needs to be "reformed," which is in essence, the same thing, the goal is to reduce the $140 billion the system spends every year on disabled workers.
When previous adjustments were needed to be made to the Social Security disability (SSD) insurance program, Congress took the easy way out. Put simply, they should have raised taxes to fully fund the program. Instead, they took money from the FICA tax, and reallocated the percentage SSD receives. This lowered the amount going to the Old-Age and Survivors Insurance (OASI) program, commonly referred to as the Social Security retirement program.
Say you had taken out a loan for $1,000, and the term of the loan was for 10 months. But what if you began only making payments of $10 per month?
When you look at the last few years of policy discussions concerning the Social Security Disability Insurance (SSDI) program, it seems odd that the program is often characterized as rife with fraud and abuse.