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Blog

  • As regular readers of SS&Y are aware, the Social Security Administration administers 2 trust funds. The Old Age Survivors Insurance (OAS’) fund pays retirement benefits. The Disability Insurance fund (DI) pays disability benefits. When Congress passed and President Obama signed the Bipartisan Budget Act in November of 2015 to reallocate current contributions between the OASI…

    7+ months ago
  • The Social Security Administration has announced there will be no Cost of Living Adjustment in 2016 for the nearly 65 million Americans drawing Social Security disability, retirement or SSI benefits.  This is because there was no inflation between the third quarter of 2014 and 2015 as measured by the Consumer Price Index for Urban Wage…

    2+ years ago

News

  • Spring-Summer 2015 Newsletter SSDI Insolvency Looms We’ve known it’s been coming for some time and now it’s on our doorstep. Unless Congress acts the Social Security Disability Insurance Trust Fund (DI Trust Fund) will become insolvent late next year and unable to pay full benefits any longer. Millions of Americans who rely on their disability checks for most, if not all,…

    2+ years ago
  • Fall 2014 Newsletter OBAMACARE UPDATE On October 1st it will have been a year since enrollment began in the Affordable Care Act national health insurance program known as Obamacare. The difficulties in the early weeks and months have been well documented. But where are we a year later… Read the Newsletter in PDF format.   Read the Newsletter in PDF…

    2+ years ago

TEXAS GOVERNOR ATTACKS SOCIAL SECURITY

Recent entry into the Republican race for President next, Texas Governor, Rick Perry, has attacked the Social Security Act as a “Ponzi scheme”. Like his predecessor, George W. Bush, Gov. Perry wants to make changes to the Social Security system that will radically change the agency’s mission.

President Bush proposed making contributions voluntary and wanted to allow workers to direct some of their money into the stock market. The market collapse and current volatility demonstrates the folly of that idea.

Gov. Perry’s analogy to the type of fraud perpetrated by investor, Bernie Madoff, is not only insulting to those who have paid into the system that supported their parents but shows a complete lack of understanding of the economics of the system.

As I have explained for years in my print newsletter, Social Security & You, a few minor tweaks and some reality-based changes such as acknowledging the longer working lives of this generation of Americans can strengthen the system. The demographic bulge of the Baby Boomer generation will be through in 30 years or so and the Social Security trust fund will stabilize.

Those considering voting for Gov. Perry for President should consider his rash comment about Social Security very carefully.

Call today if you have questions about the Michigan Social Security Disability Attorney and Lawyer Services provided by William Crawforth.

To schedule an appointment call 800-864-1244 or fill out the contact form at the top of this page.

  • State Bar of Michigan
  • Washtenaw County Bar Association
  • National Organization of Social Security Claimants' Representatives

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