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SocialSecurity.gov: Social Security Running Out Of Disability Money In 2016?
Those looking to SocialSecurity.gov for help should know that the Social Security disability trust fund is running out of money. So what is causing this to happen? In a related report by The Inquisitr, as the general Social Security trust funds began running out of money at an accelerated pace, some experts had proposed getting rid of the Social Security tax cap. This was eventually done and the 2014 tax cap rose to $117,000, which allowed benefits to rise by 1.5 percent. But some people are suggesting we get rid of the tax entirely in order to extend the life of the program by at least another 75 years (as in, kick the can so hard that it’s the unborn’s problem entirely). Read more…