Battle Lines Form in the Fight Over Social Security Payment Reductions
(By - Eric Pianin, www.thefiscaltimes.com)
With as many as 11 million Americans facing a 19 percent cut in their Social Security Disability Insurance (SSDI) benefits next year absent intervention by Congress and the White House, Republican lawmakers are suddenly moving to devise a plan to avert the crisis. The Republicans are considering an approach that combines money-saving reforms to the disability insurance program and a substantial “loan” from the much larger old age and survivors’ benefits fund (OASI) – one that eventually would have to be repaid. The Obama administration favors a simple transfer of funds from the OASI fund to the cash-strapped disability fund and a series of experimental reforms to save money. Read more…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.