You're watching...
FBN’s Gerri Willis on the dire financial situation facing the Social Security Disability Insurance Program.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
We told you all about how Social Security is set to run out of money by 2036.
Medicare will likely only survived through -- -- -- 24.
Dire situations.
But not as dire as the situation facing the Social Security disability.
Program.
That's set to go up belly up as soon as 2015.
It's paid for by the federal insurance contributions act which is taken out of americans' paychecks.
In 2005 SS DI began giving out more than it took again sounds like the Social Security fund itself right.
According to a Wall Street Journal in four years the -- is expected to dole out more than a 150 billion dollars but only take then.
About a 130 billion dollars why well because more than ten million people joined the program last year alone.
Now that's an increase of about half a million people from 2009.
The largest one year year over year increase ever.
The high number of new enrollees is one problem facing SS DI -- the funds are headed out isn't early another.
Unlike Medicare Social Security you're not role based on age but on opinions from a position or may be -- judge.
And there's one judge who is taking this to a whole new level.
The journal says judge David -- and West Virginia is being investigated by the Social Security administration's.
Inspector general's office.
The probe stems from the fact he just can't say no to people who want the disability benefit.
On average the other 15100 judges tasked with doling out these benefits -- about 60% of the cases that come to them.
Last year though judge starting approved nearly a 100% of his decisions.
And -- contractor repeat that -- so far this year -- approved all 729.
Cases he's decided.
Now while it certainly has the highest approval rate there are nearly a hundred judges who pay benefits to more than 90% of the folks who come in front of them.
One of the reasons for the high rate is the need for these cases to be were rushed through the system to -- says 730000.
-- back -- Look I'm not saying deserving people shouldn't get what's coming to them they should.
But we need to be much more diligent when handing out taxpayer dollars were already facing the end of two major programs this one could soon follow.
Unless we change the way judges do business.
It's time to get serious about entitlement reform before we have nothing away.
