Oct 7, 2013

US SOCIAL SECURITY DISABILITY INSURANCE COSTS ESCALATING TO DANGEROUS LEVELS

This ongoing story about US SSDI costs hit CBS' "60 MINUTES" last night as some of you might have seen.

Apparently Senate hearings are being held today and here is the Government cite for this benefit which some are calling a "disability insurance industry" http://www.ssa.gov/disability/

Wonder what we will pay for Social Security or war?
"Choosing whether you pay Social Security beneficiaries, or combat troops in Afghanistan, or veterans who depend on the VA for benefits, or bond holders -- these are choices about default," White House press secretary Jay Carney said on Thursday.

Treasury didn't offer a response, but referred CNNMoney to comments Treasury Secretary Tim Geithner made in 2011 in response to a proposal to prioritize interest payments on U.S. debt.

"This 'prioritization' proposal advocates a radical and deeply irresponsible departure from the commitment of Presidents of both parties throughout American history, to honor all commitments our nation has made," Geithner wrote in a letter to a senator.

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