

Sunday, April 07, 2013

Disability Trust Fund Ran Record $31.2B Deficit in 2012; In Deficit Every Year Under Obama

The federal Disability Insurance Trust Fund, which takes in money via a federal payroll tax and pays it out in disability benefits, ran a record $31.2 billion deficit in calendar year 2012, according to the Social Security Administration.

That means the trust fund has run a deficit in each of the first four years of the Obama presidency.

For fifteen straight years before Obama took office—from 1994 through 2008—the Disability Insurance Trust Fund ran a surplus. In 2007, for example, it ran an $11 billion surplus and in 2008 it ran an $889-million surplus.

In 2009, however, the Disability Insurance Trust Fund dipped into the red and has not returned to the black since then. In fact, each year since then the annual defiict has increased.



Anonymous said...

The entitlement crowd taking advantage of the government. Nothing like Obama and his administration pushing Welfare, Food Stamps and fake Disability.

Please quit voting for Democrats!!

Anonymous said...

States don't pay welfare to people on disability, The Federal government does. So states have hired companies to find a disability with everyone on state welfare. This way the state gets the person off their welfare program. That is why federal disability numbers have grown.

Anonymous said...

everyone that maxed out their unemployment benefits now suddenly became disabled... funny how that one works... yet U.S. need immigrants to fill jobs....only in America

Anonymous said...

I already see a deficit when reading this it is a huge picture of one.