Sunday, March 29, 2015

Welfare Nation Alert: Disability Fund To Run Out Of Cash In Two Years

Welfare Nation Alert: Disability Fund To Run Out Of Cash In Two Years | Zero Hedge:

"Back in 2010, America's primary retirement vehicle, the Social Security Trust Fund, did something it had not done in three decades done: it went cash negative, meaning that the costs were greater than the payroll tax revenues as a result of both the second great depression which sent the costs soaring, and America's demographic Japanification as baby boomers started retiring by the tens of thousands with every passing day."

...The problem is that like the broader demographic bust that is plaguing all developed nations, America itself has seen a widely documents surge in disability recipients in recent years, covered extensively here on previous occasions such as in "The Un-Retiring, Increasingly Disabled Non-Working American Dream"
There was also The Number Of "US Citizens On Disability Is Now Larger Than The Population Of Greece", which as the title suggests, there was a startling surge in Americans claiming benefits:

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