How to Fix the Social Security Disability Insurance Program MarketWatch
(By – Jason J. Fichtner, Mercatus Center, George Mason University)
As I noted in my previous MarketWatch column, the Social Security Disability Insurance (SSDI) program faces real and increasingly urgent financial challenges. Absent legislative action to shore up the program’s finances, benefits will automatically be cut by almost 20% upon the trust fund’s depletion sometime near the end of 2016 — roughly one year from now. Such an outcome would be unconscionable for individuals with disabilities who rely upon this program, and bipartisan action must be taken to avoid it. Unfortunately, differences among policymakers over how best to address this issue have stymied action thus far. Read more…