United We Stand, Divided We Fall

Cato Institute released a spectacular policy analysis on August 6, 2013 concerning the Social Security Disability Program. It was written by Tad DeHaven and is entitled the Rising Cost of Social Security Disability Insurance. DeHaven notes it is one of the largest programs of the federal government, has doubled its costs over the last decade, and will be bankrupt by 2016. Originally designed to be a safety net for severely disabled workers, it has become an extension of unemployment compensation or an early retirement vehicle for many people. This is due to the poor policy changes made by Congress over the years as well as a lack of a disciplined administrative process. Dehaven’s recommendations entail major cuts to the program as well as review of privatizing the benefit. I found his most helpful contribution to the dialogue about this important program was the detailed history he provided of the Congressional changes made over the years.
We, at United We Stand, LLC. agree that major cuts are necessary and easily accomplished with this out of control program.
For the full report go to cato.org and select the Social Security tab on the left side of the main page.
Harry Pukay-Martin September 4, 2013