Sad: Number on Social Security Disability Insurance hits new high...

You can get an Obama check to go with your food stamps and Obama phone...

Via IBD:

More than 76,000 workers went on the federal government’s disability program in July, according to the latest data from the Social Security administration, bringing the total number of new enrollees this year to 534,038.
Although that is down somewhat from the same month last year, enrollment in the Social Security Disability Insurance program remains sharply higher than it has been historically. Since 2009, an average of about 1 million workers have gone on SSDI annually — a 31% increase from the average enrollment over the previous 10 years.
As a result, a record 8.9 million workers are now collecting disability benefits, which is up 15% since the recovery officially started in mid-2009.
Today, there are fewer than 13 Americans working in private sector jobs for each worker on disability. That’s down from 31 workers per disabled in 1990.
At the same time, the SSDI program is heading rapidly toward insolvency. At current spending and income rates, the program’s trust fund will become insolvent by 2016 — less than 2-1/2 years from now.
Keep reading…

New high of 8,853,614 now collecting federal disability payments

Via The Atlantic:

Many people may really need this, but the above chart proves SSDI applications relate to unemployment numbers strongly...

(CNSNews.com) – The number of American workers collecting federal disability payments climbed to yet another record of 8,853,614 in March, up from 8,840,427 in February, according to newly released data from the Social Security Administration.
That means there are more than 3 times as many Americans taking disability payments as there are people living in the city of Chicago, which according to the Census Bureau has a population of 2,707,120.

March was the 194th straight month that the number of American workers collecting federal disability payments increased. The last time the number of Americans collecting disability decreased was in January 1997. That month the number of workers taking disability dropped by 249 people—from 4,385,623 in December 1996 to 4,385,374 in January 1997.

Keep on reading…