"To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." -- Theodore Roosevelt


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Friday, November 22, 2013

Number of People on Disability Jumps Up 20% During Obama Presidency



"If folks are making such a big deal out of this, then they must hate disabled people and graft. Oh, I mean, just hate disabled people. And the critics are all racists besides. Isn't that right, Oprah?"

 Obamanomics in action.

From CNS News (via Drudge):

In the fourteen fiscal years that preceded President Barack Obama’s inauguration in 2009, the tax receipts coming into the federal government’s Disability Insurance Trust Fund exceeded the benefits paid out, and the trust fund ran a surplus. 
In each of the five fiscal years Obama has served as president, the trust fund has run a deficit as the number of people receiving disability benefits has surged. The Disability Insurance Trust Fund has never before run five straight years of deficits. 
In fiscal 2013, which ended on Sept. 30, the Disability Insurance Trust Fund ran a record deficit of $31.494 billion, according to newly released data from the Social Security Administration. That followed deficits of $8.462 billion in fiscal 2009, $20,831 billion in fiscal 2010, $25.264 billion in fiscal 2011, and $29.701 billion in fiscal 2012. 
From fiscal 1995 through fiscal 2008, the Disability Insurance Trust Fund ran surpluses, as receipts from the disability insurance taxes paid by people who were working exceeded the value of the benefits paid to those claiming disability.  
[...]  
When President Obama took office in January 2009--which was the fourth month of fiscal 2009--there were 7,442,377 workers on disability, according to the Social Security Administration. As of October 2013, there was a record 8,936,932. That means the number of people on disability has increased by 1,494,555 while Obama has been in office--a jump of 20 percent.  
In addition to the 8,936,932 workers collecting disability in October, there were also 157,676 spouses of disabled workers who collected additional benefits, and 1,871,127 children of disabled workers who collected benefits.  
All told, 10,965,735 people collected federal disability benefits in October.  
At the end of fiscal 2008, there was a net balance of $216.239 billion in the Disability Insurance Trust Fund—meaning the Treasury owed $216.239 billion in IOUs to the trust fund for surplus disability insurance tax receipts it had taken in previous years and used for other government expenses.  
At the end of fiscal 2013, the net balance in the Disability Insurance Trust Fund had dropped to $100.486—a decline of $115.753 billion.  
That $115.753 billion, the cumulative five year deficit of the disability insurance program, equals the amount of money the Treasury had to borrow from other sources to pay disability benefits during that time.  
From the last day of January 2009 through the last day of September 2013, the total debt of the federal government climbed from $10,632,005,246,736.97 to $16,738,183,526,697.32—an increase of $6,106,178,279,960.35.  [emphasis mine]

This is what you get when you elect an amateur, who believes that he's smarter than he actually is, to a high office.

Hey, but at least race relations are better... Uh, right?

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