FORUMS BROKERS SOFTWARE
Home
 
    Forums > Main > Economics > Where Those Workers are Going...

Old May 7th, 2012, 08:54 AM   #1
MKTrader
 
 
Join Date: Dec 2005
Posts: 2,239
The number of workers receiving SSDI (disability insurance) has jumped 22 percent to 8.7 million in April from 7.1 million in December 2007. This explains as much as one quarter of the decline in the U.S. labor-force participation rate during the period, according to economists at JPMorgan Chase & Co. and Morgan Stanley.

“Workers on SSDI rarely return to the labor force...," according to report written by the National Economic Council, Domestic Policy Council, Labor Department and President’s Council of Economic Advisers.

More than 99 percent of all SSDI beneficiaries remain in the program until retirement age, David Greenlaw, a managing director in New York at Morgan Stanley, wrote in a March research note.

http://www.financialsense.com/contri...in-a-mousetrap

http://www.bloomberg.com/news/2012-0...bor-force.html
    Quote
Old May 7th, 2012, 10:37 AM   #2
Covertibility
 
 
Join Date: Aug 2003
Posts: 4,111
End the Entitlements! There is no logical reason to keep the weak alive.

The universe doesn't have safety nets to help collapsing stars or keep objects from falling into a black hole.
    Quote
Old May 7th, 2012, 10:46 AM   #3
Arnie
 
 
Join Date: Feb 2003
Posts: 4,072
This guy is part of the problem. He only denied 4 out 1284 cases.

http://online.wsj.com/article/SB1000...605918524.html
    Quote
Old May 7th, 2012, 10:48 AM   #4
MKTrader
 
 
Join Date: Dec 2005
Posts: 2,239
Quote:
Quote from Covertibility:

End the Entitlements! There is no logical reason to keep the weak alive.

The universe doesn't have safety nets to help collapsing stars or keep objects from falling into a black hole.
Any idea how many get handouts because they hired the right disability lawyer? How many start collecting checks at a young age because they've convinced someone that they're bi-polar, have "adult" ADHD, etc? Oh wait...maybe you're one of them? That would explain why this is so touchy...

When leaving the military, I remember the VA rep telling us how to game the system, how he was considered 50%+ "disabled" even though he appeared healthier than most people his age. This stuff is rampant (VA, SSI, etc.) but SSDI is one of the most abused. But it won't go on forever cause the funds are drying up.
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
AMP Global Clearing
Futures and FX Trading
Collective2
Automated Trading Services
CTS
Futures Trading Software
dom993trading.com
NinjaTrader Consulting
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
NinjaTrader
Trading Software Provider
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thenut-trader.com
FX, Gold, & Stock Signals
TradersStudio
System Building & Backtesting
Tradier
Equity and Options Trading
Trading Technologies
Trading Software Provider