The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.


Friday, April 20, 2012

5.4 Million Join Disability Rolls Under Obama

Disability fraud is quite common and the government makes it easy for folks who aren't even disabled to collect disability insurance. It's a very lucrative entitlement that was expanded by Reagan in 1984.
A record 5.4 million workers and their dependents have signed up to collect federal disability checks since President Obama took office...To be sure, disability rolls have grown steadily as a share of the workforce since the 1990s...The main causes of this broader trend...are the loosening of eligibility rules by Congress in 1984, the rise in disability benefits relative to wages, and the fact that more women have entered the workforce, making them eligible for disability...."We see a lot of people applying for disability once their unemployment insurance expires," said Matthew Rutledge, a research economist at Boston College's Center for Retirement Research.
Read the rest here
Investors.com

Judy Morris,
Blogger, THL
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