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Social Security Disability Insurance in Obama’s 2016 Budget
Social Security Disability Insurance (SSDI) is in financial hot water….The pending insolvency of this important program will have to be addressed by the 114th Congress. In preparation, House Republicans passed a rule requiring that reallocation of funds from the Old-Age and Survivors Insurance (OASI) program to SSDI - a transfer that has been legislated in previous instances when the latter was facing a shortfall - could not take place without accompanying measures that improve the overall fiscal health of the Social Security system. President Obama, too, understands that he will have to sign a bill ensuring the program’s solvency and included in his Fiscal Year (FY) 2016 budget a number of proposals aimed at strengthening the program and improving its operations [including]….Read more…
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