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Sev
07-03-2012, 07:16 AM
It just gets better and better.

Looks like Obama is not only the food stamp king but the disability king as well.

<span style="color: #000000">http://cnsnews.com/news/article/8733461-workers-federal-disability-exceed-population-new-york-city
<span style='font-size: 23pt'>8,733,461: Workers on Federal 'Disability' Exceed Population of New York City</span>

(CNSNews.com) - A record of 8,733,461 workers took federal disability insurance payments in June 2012, according to the Social Security Administration. That was up from 8,707,185 in May.

It also exceeds the entire population of New York City, which according to the Census Bureau's latest estimate hit 8,244,910 in July 2011.

There has been a dramatic shrinkage in the United States over the past 20 years in the number of workers actually employed and earning paychecks per worker who is not employed and is taking federal disability insurance payments.

In June 1992, according to the Bureau of Labor Statistics, there were 118,419,000 people employed in the United States, and, according to the Social Security Administration, there were 3,334,333 workers taking federal disability payments. That equaled about 1 person taking disability payments for each 35.5 people actually working.

When President Barack Obama was inaugurated in January 2009, there were 142,187,000 people employed and 7,442,377 workers taking federal disability payments. That equaled about 1 person taking disability payments for each 19.1 people actually working.

In May of this year, there were 142,287,000 people employed, and 8,707,185 workers taking federal disability payments. That equaled 1 worker taking disability payments for each 16.3 people working.

The federal disability payments made to the record 8,733,461 workers in June averaged $1,111.42.

Only 11 states--California, Florida, Georgia, Illinois, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas—have populations in excess of the 8,733,461 workers who took disability payments in June.

New Jersey’s 2010 Census population of 8,807,501 approximates the 8,733,461 workers who collected federal disability insurance in June.

In addition to the 8,733,461 workers taking federal disability payments in June, there were also 165,469 spouses of disabled workers getting federal disability payments and 1,899,756 children of disabled workers getting benefits. That brought the total number of beneficiaries receiving disability insurance payment in June to 10,798,686.

Federal disability insurance is funded by a 1.8 percent payroll tax split between employers and workers. Self-employed people pay the entire 1.8 percent.

<span style="color: #990000">The Social Security System’s Disability Insurance Trust Fund has run deficits in each of the last three fiscal years, meaning the government has needed to borrow money to pay disability benefits to the workers claiming them. In fiscal 2009, the Disability Insurance Trust Fund deficit was $8.5 billion. In fiscal 2010, it was $20.8 billion. And in fiscal 2011, it was $25.3 billion.</span>

To be eligible for federal disability insurance payments, a person must have worked long enough to have qualified for the benefits and must also meet the Social Security Administration’s definition of “disabled.”

“We consider you disabled under Social Security rules if: You cannot do work that you did before; we decide that you cannot adjust to other work because of your medical condition(s); and your disability has lasted or is expected to last for at least one year or to result in death,” says the Social Security Administration.

Whether someone has worked long enough to qualify for federal disability insurance payments depends on their age and the number of “credits” they have earned from the Social Security system.

“Social Security work credits are based on your total yearly wages or self-employment income,” SSA explains. “You can earn up to four credits each year. The amount needed for a credit changes from year to year. In 2012, for example, you earn one credit for each $1,130 of wages or self-employment income. When you've earned $4,520, you've earned your four credits for the year.”

According to SSA’s formula, someone under 24 years of age would qualify for disability payments if he or she had earned at least 6 credits—or about $6,780—over the three years before they became disabled.</span>

Gayle in MD
07-03-2012, 08:44 AM
LOL, C'mon Sev. How is this an Obama creation?

We have an aging population, do we not?

More older Americans than ever before?

More children being born with disabilities, than ever before?

How do you justify blaming this on the current President?

Additionally, did these people not pay into Federal insurance disability coverage, to cover their needs, after years of working?

I can't see how President Obama is responsible for this little factoid of yours.

More Weedmyopia? /forums/images/%%GRAEMLIN_URL%%/grin.gif /forums/images/%%GRAEMLIN_URL%%/wink.gif
G.

LWW
07-03-2012, 08:50 AM
Upon reading the article, I cannot see how anyone blames this on Obama.

On moonbat crazy leftists buying votes with taxpayer money ... I'llbuy into that.

Who doesn't know someone on disability who works under the table, refusing to pay their fair share I might add, while robbing the hardworking honest citizenry.

Soflasnapper
07-03-2012, 09:32 AM
As water seeks its own level, people without monetary income run around to find some.

We have grossly reduced cash transfers to the poor and lower income part of the population. This is about the only thing left, along with SNAP food stamps, but those are not cash.

It is no surprise, but actually common sense about human nature.

Sev
07-03-2012, 04:25 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">As water seeks its own level, people without monetary income run around to find some.

We have grossly reduced cash transfers to the poor and lower income part of the population. This is about the only thing left, along with SNAP food stamps, but those are not cash.

It is no surprise, but actually common sense about human nature. </div></div>

You left out the people that ran out of unemployment. Its their final refuge if they are unable or unwilling to find a job.

Sev
07-03-2012, 04:27 PM
I didnt assign blame.

However the record is on his watch.

Gayle in MD
07-03-2012, 09:12 PM
NO, not on his watch, rather during his recovery from the Bush disaster.

G.

Sev
07-04-2012, 08:50 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body">NO, not on his watch, rather during his recovery from the Bush disaster.

G. </div></div>

There is no recovery.

Friday is going to prove to be interesting.

LWW
07-05-2012, 02:58 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body">NO, not on his watch, rather during his recovery from the Bush disaster.

G. </div></div>

There is no recovery.

Friday is going to prove to be interesting. </div></div>

Through the miracle of doublethink, we have soe members who believe we are both in recovery and in recession at the same time.

Gayle in MD
07-05-2012, 08:28 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body">NO, not on his watch, rather during his recovery from the Bush disaster.

G. </div></div>

There is no recovery.

Friday is going to prove to be interesting. </div></div>

We aren't losing 800,000 plus jobs a month.

GDP is up.

Home Building predictions are good.

WE are in a recovery, and would have been deeply in a recovery, had Repiglicans not obstructed every damned thing we should have been doing, and Republican governors, hadn't thrown as many people out of work as they could possibly put back onto unemployment.

If you refuse to acknowledge that austerity at such a time as this, is the wrong path, and we can all look at the European severe austerity measures which have made things worse, then who is being blindly partisan?

Most of us realize that deficits should not come first after a crash, history proves that, but rather investments which produce jobs, such as rebuilding the crumbling infrastructure, investing in education, aiding the suffering, and addressing the unsustainable costs of health care, which was respoinsible for over fifty percent of banksuptsey, then you are simply not being realistic.


The Conservative REpiglican tax policies, of Bush and the Blank Checkers pf spend and borrow, p;ut us into this pit of debt, and failed, as it always has, just as trickle down failed as it always has, and deregulation, FAILED, annd seet us up for this major ponzi scheme grand theft of American's Wealth!

Republicans have done nothing but block the recovery, for political gain. They suck! They are in the back pockets of special interests all the way! Medical Insurance industry has spent several hundred million lying to the public about the AHCA.

Government can and should be involved in policies which promote the common good, not just for the filthy rich, and I do mean filthy, when it coes to the top one percent! IOW, PIGS like the Romney's of the financial industry, who outsourced jobs, hid their profits off shore, and threw Americans out of work, with no concern about their country, but only about assuaging their greed.



G.

Sev
07-05-2012, 08:51 AM
Experts surprised again.

<span style="color: #000000">By Steve Goldstein

http://www.marketwatch.com/story/us-june-services-activity-slowest-since-jan-10-2012-07-05

WASHINGTON (MarketWatch) -- U.S. services activity slowed in June to the weakest level since January 2010, according to data released by the Institute for Supply Management on Thursday. The ISM services index fell to 52.1% from 53.7% in May, which was worse than the 52.9% than economists expected. Of key components, the production index dropped 3.9 points, the new orders component fell 2.2 points, while the employment component rose 1.5 points.

Read the full story:
ISM services reading weakest since January 2010 </span>

Gayle in MD
07-05-2012, 08:55 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">Experts surprised again.

<span style="color: #000000">By Steve Goldstein

http://www.marketwatch.com/story/us-june-services-activity-slowest-since-jan-10-2012-07-05

WASHINGTON (MarketWatch) -- U.S. services activity slowed in June to the weakest level since January 2010, according to data released by the Institute for Supply Management on Thursday. The ISM services index fell to 52.1% from 53.7% in May, which was worse than the 52.9% than economists expected. Of key components, the production index dropped 3.9 points, the new orders component fell 2.2 points, while the employment component rose 1.5 points.

Read the full story:
ISM services reading weakest since January 2010 </span> </div></div>

Thank heavens the president was able to drive down the price of oil!

/forums/images/%%GRAEMLIN_URL%%/grin.gif

Sev
07-05-2012, 09:22 AM
BWhahahahahahahahhaha!!!!!

Yah. Good thing. /forums/images/%%GRAEMLIN_URL%%/smile.gif