Where Those Workers are Going...

Discussion in 'Economics' started by MKTrader, May 7, 2012.

  1. 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.


  2. 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.
  3. Arnie


  4. 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.