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EXPERT COMMENTARY – Warning: Disability Insurance is Hitting the Wall
For years Social Security’s trustees (of which I am one) have warned that lawmakers must act to address the troubled finances of the program’s disability insurance (DI) trust fund. Congress has nearly run out of time to do so. Legislation will be required during this Congress or, at the very latest, in a rush at the beginning of the next one, to prevent large sudden benefit cuts. The House of Representatives recently passed a procedural rule to prepare for the coming legislative debate. In this column I explain the issues in play. Read More…