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“Battle Lines Form in the Fight Over Social Security Payment Reductions”

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This August 5, 2015 MSN Money article talks about the impending crisis involving the money in the SSDI program drying up by the end of 2016.  The article includes a few ideas being tossed around for correcting the problem or at least for buying time until a solution can be found.  The article indicates that less than 1% of the social Security tax paid by employees goes into funding SSDI compared to over 5% going into retirement. One idea in the article is to increase the percentage of the Social Security tax by a couple of percentage points to increase the amount of money going into the disability fund.

“Dems Decry Social Security Sneak Attack”

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this January 7, 2015 Huff Post article talks about a rules that need to be followed by the federal government that include information that prevents congress from shifting money from Social Security Retirement Insurance fund to the Social Security Disability Insurance fund which could result in a cut in benefits to those currently receiving Social Security Disability. one estimate is a 20% cut, but it isn’t clear exactly what percentage will be cut.

Seal of the United States Social Security Admi...

Seal of the United States Social Security Administration. It appears on Social Security cards. (Photo credit: Wikipedia)

“Wyden Hearing Statement on Keeping the Promise of Social Security”

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This July 25, 2014 InsuranceNewsNet.Com article talks about Social Security Disability Insurance (SSDI) and the need to shore it up by 2016, but also reminds us that it is a benefit that is earned and not simply a handout.

English: A collection of pictograms. Three of ...

English: A collection of pictograms. Three of them used by the United States National Park Service. A package containing those three and all NPS symbols is available at the Open Icon Library (Photo credit: Wikipedia)

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