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A forum to disuss the Social Security Disability process in South Carolina, including qualifying for benefits, the length of the process, and first hand experiences with applying for disability. Disclaimer: This site is not intended as legal advice or an offer of legal representation. All information provided is to promote discussions about topics of interest to readers. Please consult an attorney if you have legal issues or need legal advice specific to your situation.
Of course a lot of people are concerned about a deficit. A lot of Americans who lost their jobs collected the benefits they deserve while the recent recession limited the institution's revenues. A $60 billion drop in collections is a big deal! If this trend continues, how long will we have to wait until SS collapses? It's a really scary thought.
ReplyDeleteAm bothered by how apocalyptic the article was written. Sure, it highlights the drop of $60 billion in collections, but it never says how big the fund is. As it is a $60 billion drop still amounted to a positive $3 billion in the end. The trust fund alone is more than $3 trillion. Further it has a lot of speculations like a "looming" baby boomer retirement in a few years, but didn't take into account how many of these expected retirees cashed in their claims this and last year. Am not saying that the SSA will have enough money forever, or even in the near future. Am just cautioning that the slant for the article cries out doom for everyone and that should be taken into consideration
ReplyDeleteTo be honest, after the bankruptcy of a lot of banks, MAJOR banks at that, I no longer know what to think anymore. It used to be that I believed that some companies are just too big to fail, how much more the SSA, but now I really don't know if it is immune to a bad economy.
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