2016: SOCIAL SECURITY DISABILITY RUNS OUT OF MONEY (REALLY)

CNN MONEY:

The trust fund for Social Security disability benefits, which is separate from the fund for retirement benefits, is on track to be insolvent -- most likely by the end of 2016 but no later than 2017.

So unless Congress acts to replenish the fund beforehand, the program will only be able to pay an estimated 80% of promised benefits to 8.8 million disabled workers, plus the benefits paid to their spouses and dependents if the disabled worker was the primary breadwinner. The current average monthly payment for a disabled worker is $1,146.

When lawmakers will act is unclear."

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MARKET WATCH: Social Security disability fund now faces ‘urgent threat’ of 2016 shortfall: trustees


LIBRARY OF LAW AND LIBERTY:

Now that we have had Social Security and Medicare for generations and people have relied upon them, I don’t think that the original meaning can be enforced to hold them unconstitutional. Precedent should allow them to continue. But it is worth remembering that these programs would have never taken their pernicious form if the Constitution’s original meaning had been followed in the first place.

The Unconstitutionality of Social Security and Medicare