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Will Congress let the Social Security disability fund go dry?




Standard issue Social Security Cards before identifying details have been added
Standard issue Social Security Cards before identifying details have been added
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If Congress doesn't act soon, Social Security disability benefits could run dry by next year.

Eleven million people currently receive disability benefits that average about $1,017 a month per person. If funding runs out, recipients could see a $193 reduction in their benefits each month.

President Obama has supported shifting the tax revenue from Social Security’s retirement fund to its disability fund, however Republicans want changes made to reduce fraud and encourage more disabled recipients to return to the workforce.

As the deadline gets closer, it is critical that Congress move on the issue? What changes could be made to improve Social Security benefits?

Guests:

Kasia Klimasinska, reporter for Bloomberg

Chris Edwards, editor of Cato Institute DownsizingGovernment.org project and fiscal policy expert at the Cato Institute

Ross Eisenbrey, vice president of the Economic Policy Institute, a progressive economic think tank based in Washington DC