SOCIAL SECURITY IS HISTORY Disabled Recipients of Social Security Fund Face Hefty Benefits Cut By Martha C. White—NBC News Congressional gridlock is threatening the already thin lifeline of Social Security benefits that nearly 9 million disabled American workers rely on to feed, clothe and shelter their families. Known as SSDI, the trust fund is one of two administered by the Social Security Administration (the other is for senior citizens), and its reserves will run dry in late 2016, if lawmakers don’t act sooner to shore them up. But the timing is poor; it falls in an election year and experts say it could become a target for political infighting as Americans gear up to go to the polls. “I think it’ll probably come down to the wire,” said Mark Duggan, a professor of business economics and public policy at the Wharton School of the University of Pennsylvania. And that’s what worries people like Erica Choy. The 45-year-old San Francisco resident is struggling to raise the youngest four of her five kids on about $2,100 a month, a combination of SSDI and SSI — supplemental security insurance. “It’s a constant struggle for us,” she said. “We don’t have enough to pay the PG&E bills,” she said of her power company. And although three of her kids needed braces, she had to pick just one — even on a payment plan, it was all the family could afford. ADDENDUM By Fred Andrews I know that this is not any news to most Americans; for quite a while now, getting SS benefits has become luck of the draw…’I know, I’ve been there and tried to get mine.’ My objective today is to alert families about the importance of developing a market based income, and achieving capital security. Look folks, your government is probably doing the best it could do, but what about you? Don’t be scared to inquire how-to buy a home with $2,500 or make income and get yourself out of poverty. It does not matter if you are disabled: if you could do e-mail and have Internet connection, I will show you how to get braces and health care for all in your family. Go to bargainhuntersplus and tell me what you want to do.
Posted on: Mon, 23 Jun 2014 11:11:39 +0000
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