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FBN’s Liz MacDonald with news that U.S. disability payouts have grown by 20% since the Bush Administration.
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-- it's the monthly jobs numbers are due out next Friday in the -- may see a drop in the unemployment rate in the US is seeing a record rise.
In a little discussed but very costly government entitlement programs shocker -- president McDonnell has secured loan.
Next bottom line we always feel like one way or another the numbers are getting used in this is another way well we have -- to -- retirement.
-- us security disability checks Melissa and what we see an assistant steady progression up.
And the number of people getting these checks through that George W Bush Administration.
Up 20% -- February 2009.
So what we're 20% up to up 20% and what we saw was a little and seen their little noticed the White House report on this in December 2011 talking about what happens.
To the workforce when people go on Social Security disability take a look here they rarely returned to the labor force right result right resulting in a loss of society -- the economic contributions those workers.
Could have made so the issue is a CBO also saying matter of factly that look.
When jobs are plentiful disability checks go down.
Right when the jobs are not plentiful matter of factly.
Disability checks go up but the CBO also said Melissa that people it's difficult to get those people on the text back into labor force -- attempted drop out.
And which is what you see look here you gonna see the relationship between that rise in disability checks vs the long term unemployed.
Oh look at that relationship.
Yeah you really see it right -- -- of course you know we don't wanna be -- anyone.
-- say they need the disability check on the obviously.
But there is a direct relationship you know if you're at home receding -- -- -- -- -- without question reduces your incentive.
To go on finding jobs yes I don't listen America wants to take care -- for taxpayers -- -- take care of the poor in the disabled bomb.
So the question is you know what how do you get you know people back into labor force of course jobs -- do question too is what happens to other.
Entitlement programs for example Medicare.
Social Security disability checks if -- -- -- for two years you can get Medicare checks at that point to.
After two years so.
You know this is a trend that we've been watching and it's seems to -- -- the lines to killing -- keep going one way affect the actual unemployment rate I mean if you are so -- out of working here collecting disability -- you counted -- unemployed -- -- -- more about you know if you drop out of the workforce and stop looking for work but -- you know -- Brady senior -- here is seen inverse relation to -- labor force participation rate going down and disability checks going -- know that last -- is so compelling reason why is going exactly opposite directions as an inverse relationship.
-- thank you so much what are you.
