HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US
Elite Trader Your Account  •  Become a Member  •  Help  •  Search    
    Forums ›› Main ›› Economics ›› Where Those Workers are Going...  


Post A Reply
    
MKTrader
 

Registered: Dec 2005
Posts: 2215

 

05-07-12 01:54 PM

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/contr...-in-a-mousetrap

http://www.bloomberg.com/news/2012-...abor-force.html

    Edit/Delete Quote Complain
Covertibility
 

Registered: Aug 2003
Posts: 3862

 

05-07-12 03:37 PM

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.

    Edit/Delete Quote Complain
Arnie
 

Registered: Feb 2003
Posts: 3832

 

05-07-12 03:46 PM

This guy is part of the problem. He only denied 4 out 1284 cases.

http://online.wsj.com/article/SB100...3605918524.html

    Edit/Delete Quote Complain
MKTrader
 

Registered: Dec 2005
Posts: 2215

 

05-07-12 03:48 PM


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.

    Edit/Delete Quote Complain
    
Post A Reply


Receive an email whenever a new post is added to this thread by subscribing to it.
 
Rate This Thread:

Forum Jump:
 

 

   Conduct Rules  -  Privacy Policy  -  Day Trader -  Day Trader Forum -  Best Trading Software -  Sitemap Copyright © 2013, Elite Trader. All rights reserved.    
 
WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Brokerage & Clearing
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
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
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider