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Disability Payments vs. Unemployment

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  • Description

    FBN’z Liz MacDonald on the growing number of Americans going on disability.

  • Duration 3:53
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-- -- -- Just tell me what you know because the number of people who have been going on disability like as there unemployment benefits expired right he had been and has been rising and it a lot of these does this decision making -- -- the statement.

Yeah that's right ticket and you know what -- we're hitting a record level just the recent numbers actually beating the prior month of September 8 point eight million people.

Now on Social Security disability according to government's figures this is up about 20% since every 2009.

Up significantly since the recovery began in June 2009 up 50% over the last decade.

We know it's interesting is the White House has acknowledged the rise in disability payments as high to joblessness and effect in December 2011 the White House put out.

A report citing this look at -- it says workers on disability rarely return to the labor force resulting in loss of society.

I think into the economy basic contributing with the workers could it.

Made -- contributions so this is a big deal the priority should be keeping these workers in the labor force the White House says.

And the CBO the Congressional Budget Office the nonpartisan.

Agency said matter of factly matter of factly went.

Well and jobs or plan of plentiful.

The disability payments go down when they're not plentiful this -- the ability payments go up so the good practice is that.

We're on track under the white and that under this White House is to beat.

The number of of the amount and the number of workers on disability under George W.

Bush it's about one point four million.

Added to the disability rolls under the White House this White House as a 2.4 million under George W Bush's eight years in office that.

Wound in the Wall Street Journal's -- this is well how -- -- you can apply for disability get rejected and re apply.

And how the rejection rate is very very low in some areas and Puerto Rico was a problem area and -- been investigations opened and to some of these areas.

Where doctor we have you have doctors that will easily sign off on people being disabled and collecting disability where when they should not be West Virginia with another -- yeah.

-- that's right I mean them.

The government is acknowledging their hotspots as you point out and there is significant abuse of the system again which the White House and the so skewed administration.

-- basically have acknowledged in various blogs and so you know what we're looking -- -- -- right 1984 the government loosened the rules.

And so more people piled in and I would argue the explosive growth in the number of people and disability.

And go directly correlates to people to the number of people dropping out.

To that is that that plummeting labor force participation rate write the number workers who can work who are working in this country.

An -- to its puts a policy pressures on Medicare because you can qualify for Medicare payments.

After two years of being on disability.

So this is a real serious issue as we've -- these numbers and they continue to Golan irreversible -- I think in the White House is saying could be air personable if we don't get jobs growth back in this country.

Well then that's turns right back home that aren't so what it but again lives -- this as part of Social Security.

It is going bankrupt as well -- is that what it's gonna take is it gonna take the disability on running out of money runs out even before this security.

I mean unless you have an outbreak of or an upsurge in leadership in the government.

Or crisis that swinging -- SE reform any -- rights as straight as part of -- security.

Is scheduled to go insolvent and belly up in twenty -- -- pretty quickly.

So you know I mean yes is -- Americans taxpayers want to take care of the poor.

And we do take care of the poor as taxpayers more than two trillion dollars worth a program that's spent on programs that the federal and state level.

But the fact of the matter is even the White House and and the CBO's saying matter of factly looking -- have jobs growth in this country to take care problems like this to take care entitlement reform.

Sure -- list kick butt all day -- -- -- as always.

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