TV News LIES

Saturday, Mar 07th

Last update10:03:02 AM GMT

You are here News Economy Social Security Disability Fund Will Run Dry Next Year

Social Security Disability Fund Will Run Dry Next Year

E-mail Print PDF

SS funds to run outThe 11 million Americans who receive Social Security disability face steep benefit cuts next year, the government said Wednesday, handing lawmakers a fiscal and political crisis in the middle of a presidential campaign.

The trustees who oversee Social Security and Medicare said the disability trust fund will run out of money in late 2016. That would trigger an automatic 19 percent cut in benefits, unless Congress acts.

The average monthly benefit for disabled workers and their families is $1,017. The typical beneficiary would see a reduction of $193 a month.

"Today's report shows that we must seek meaningful, in some instances even urgent, changes to ensure the program is on stable ground for future generations," said Jo Ann Jenkins, the chief executive officer of AARP.

More...


Most Recent Related Stories...


US shed 92,000 jobs, unemployment ticked up to 4.4% in February

BLSThe U.S. economy shed 92,000 jobs in February, the  estimated March 6, falling far short of...

NY governor calls for $13.5B in tariff refunds

Kathy HochulGov. Kathy Hochul (D) is calling on the Trump administration to refund approximately $13.5 billion to...

Judge orders Trump administration to close out goods without charging emergency tariffs

US Court of International TradeThe federal trade court judge overseeing the refund process for President Trump’s tariffs ordered the administration...

Trump donor who criticized offshoring to close Ohio plant and move work to China

John PaulsonJohn Paulson, a hedge fund billionaire and one of Donald Trump’s earliest Wall Street backers, is...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!