{"id":38555,"date":"2013-11-22T12:59:00","date_gmt":"2013-11-22T17:59:00","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=38555"},"modified":"2013-11-22T14:06:16","modified_gmt":"2013-11-22T19:06:16","slug":"yet-more-good-news-regarding-social-security-disability","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=38555","title":{"rendered":"Yet More “Good News” Regarding Social Security Disability"},"content":{"rendered":"

According to data released by the Social Security Administration, the Social Security Disability \u201cInsurance\u201d Fund* operated at a deficit during FY2013<\/a> – again.\u00a0 This marks the fifth consecutive year \u2013 FY2009 through FY2013 \u2013 that the Social Security Disability Fund has run a deficit.<\/p>\n

The previous record for consecutive deficit years for this fund was four \u2013 FY1962 through FY1965, during the JFK\/LBJ Administrations.<\/p>\n

In fact, counting FY2013 the Fund has only operated at a current-year deficit for only seventeen years during its 57 year (1957-2013, inclusive) history<\/a>.\u00a0 Those years were 1962-1965 (4 yrs), 1975-1977 (3 yrs), 1980, 1984, 1987, 1992-1993 (2 yrs), and 2009-1013 (5 years).<\/p>\n

In fact, since the Social Security Disability Fund was created, only 3 Presidential Administrations have had zero deficits:\u00a0 those of Eisenhower, Nixon . . . and Bush(43).\u00a0 Every other Administration has had at least one year when the Social Security Disability Fund has operated at a deficit.<\/p>\n

However, the Obama Administration is one of only two administrations in US history to have a deficit for each Fiscal Year it has been in power.\u00a0 The only other US Administration to manage that was the Ford Administration \u2013 and it only lasted a bit over 2 years, from Aug 1974 to Jan 1977.<\/p>\n

Prior to FY 2009, the Social Security Disability \u201cInsurance\u201d Fund operated at a net surplus for fifteen consecutive years \u2013 from 1994 through 2008, inclusive.\u00a0 And since FY2008, the Social Security Disability Fund has lost in excess of 53% of its value \u2013 in 5 years.<\/p>\n

The number of persons receiving Social Security Disability has also skyrocketed in the last 5 years as well \u2013 from \u00a07,442,377 at the beginning of FY2009 to 8,936,932 at the beginning of FY2014 (1 Oct 2013).\u00a0 That\u2019s an increase in the number of “disabled” of more than 20% in 5 years.<\/p>\n

People simply have not become 20% more susceptible to disability during \u00a0the last 5 years; neither has the US population grown by 20%.\u00a0 So I submit that something else is happening to cause this massive increase in the number of persons in the US that are \u201cdisabled\u201d for Social Security purposes.<\/p>\n

My guess is it\u2019s due to something I\u2019d call \u201cjumping on the gravy train\u201d, coupled with a hugely lax and compliant regulatory bureaucracy. \u00a0\u00a0But I guess it\u2019s possible I could be wrong.<\/p>\n

 <\/p>\n

* – Yeah, the Social Security Administration calls this an “insurance” trust fund – just like it calls the rest of Social Security “insurance”.\u00a0 Bull.\u00a0 Everything they do are tax-supported legally mandatory income transfer programs that transfer money from workers to non-workers.\u00a0 Insurance my . . . eye.\u00a0 (smile)<\/em><\/p>\n

Don’t believe me?\u00a0 Just keep working\u00a0 but tell Uncle Sam you want to cancel your insurance – then refuse to pay your “premiums”.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

According to data released by the Social Security Administration, the Social Security Disability \u201cInsurance\u201d Fund* operated … Yet More “Good News” Regarding Social Security Disability<\/span>Read more<\/a><\/p>\n","protected":false},"author":623,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[213,11],"tags":[],"class_list":["post-38555","post","type-post","status-publish","format-standard","hentry","category-your-tax-dollars-at-work","category-economy"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/38555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/623"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38555"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/38555\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}