Figures. Obama Puts 5 Million Americans on Disability Then Can’t Pay For Them
It’s just too bad he can’t pay for them.
The federal Disability Insurance Trust Fund has run in the red the past four years.
CNS News reported:
The federal Disability Insurance Trust Fund, which takes in money via a federal payroll tax and pays it out in disability benefits, ran a record $31.2 billion deficit in calendar year 2012, according to the Social Security Administration.
That means the trust fund has run a deficit in each of the first four years of the Obama presidency.
For fifteen straight years before Obama took office—from 1994 through 2008—the Disability Insurance Trust Fund ran a surplus. In 2007, for example, it ran an $11 billion surplus and in 2008 it ran an $889-million surplus.
In 2009, however, the Disability Insurance Trust Fund dipped into the red and has not returned to the black since then. In fact, each year since then the annual defiict has increased.