As nearly 9 million Americans currently receiving Social Security disability benefits worry their benefits will be cut by as much as 20 percent in the fourth fiscal quarter of 2016, and millions more Americans who are currently applying for Social Security Disability Insurance (SSDI) benefits are worried their applications will be denied, many politicians are using the predicted budgetary crisis as an opportunity to make speeches and get support in the upcoming presidential election.
According to a recent news report from News Max, this issue has become so sensitive to those involved that Republican candidates in the presidential election may be forced to address the issue directly and propose concrete solutions. This is different than what we have seen so far, where prospective candidates for the office have only been saying the system is broken and needs a major reform, without suggesting any type of plan to do this. As millions of Americans are continuing to worry about their level of benefits, the author of this article suggests this might change.
Meanwhile, congressional democrats and President Barack Obama has called for money to be shifted from the Social Security retirement fund to the Social Security disability fund. While money for both funds comes largely from Social Security withholdings from employee’s paychecks, the money is allocated for separate programs, because federal law requires each Social Security program to maintain a separate budget, since they were created for different purposes.
SOURCE: Massachusetts Social Security Disability Lawyers Blog – Read entire story here.
