Two Years Until Social Security Disability Trust Fund Is Empty | MyGovCost | Government Cost Calculator:
The trust fund in question is Social Security’s Disability Insurance (SSDI) trust fund, which is set to be fully depleted sometime in 2016.
Brianna Ehley of the Fiscal Times has the details on the fund that provides up to 20% of the money paid to recipients of Social Security disability benefits:
According to the Social Security Administration, spending on the program has more than tripled since 1983 from $43 billion to $139 billion, adjusted for inflation.
It now accounts for about 20 percent of the Social Security Administration’s total budget.
Spending has ticked up so fast in recent years that revenue can’t keep up.
The government has paid out more than it has taken in every year since 2009, according to the Social Security Board of Trustees.
If the pattern continues and the program runs out of money by 2016, the millions of Americans collecting disability will see their benefits cut by at least 20 percent.