Thursday, March 28, 2013

Disability Insurance: America's $124 Billion Secret Welfare Program

The number of former workers enrolled in the Social Security disability program has more than doubled in the last two decades, and the reasons why have little to do with the health of our workforce.
Imagine for a moment that Congress woke up one morning, realized that the United States was suffering from a paralyzing long-term unemployment crisis, and, in a moment of progressive pique, decided to create a welfare program aimed at middle-aged, blue-collar workers. 
The one thing everybody could probably agree on is that it should help all those jobless 50-somethings find employment, right? 
Well, as NPR's Planet Money argues in an eye-opening story, it turns out there already is a "de facto welfare program" for those struggling Americans. The problem is, instead of getting the unemployed back on their feet, it pays them to give up work for good.


Read the whole Story HERE.

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