In the last three months, more Americans have joined disability than have found a job -
A new chart set to be released by the Republican side of the Senate Budget Committee details an alarming fact: In the last three months, more Americans have joined disability than have found a job:
As the chart shows, between April-June 2012, an estimated 246,000 Americans were added to Social Security's disability insurance program. In that same time period, only 225,000 American jobs were created.
These alarming numbers, though, are part of a wider trend, as another chart, also set to be released later today, from the Republican side of the Senate Budget Committee shows:
As this chart shows, since 2008, 3.6. million Americans have been added to Social Security's disability insurance program. In that same time period, a net total of 1.3 million jobs were lost.
"Amazingly, while fewer Americans are working than at the end of 2008, 3.6 million Americans have been awarded SSDI benefits over the same period. The growing number of people on disability and other federal benefits, combined with weak economic growth, raises serious concerns about the sustainability of the American economy," Senator Jeff Sessions, ranking member of the Senate Budget Committee, says in a statement in response to these new numbers.
Read more -
http://www.weeklystandard.com/blogs/americans-joining-disability-outpaces-americans-finding-jobs_648660.html
A new chart set to be released by the Republican side of the Senate Budget Committee details an alarming fact: In the last three months, more Americans have joined disability than have found a job:
As the chart shows, between April-June 2012, an estimated 246,000 Americans were added to Social Security's disability insurance program. In that same time period, only 225,000 American jobs were created.
These alarming numbers, though, are part of a wider trend, as another chart, also set to be released later today, from the Republican side of the Senate Budget Committee shows:
As this chart shows, since 2008, 3.6. million Americans have been added to Social Security's disability insurance program. In that same time period, a net total of 1.3 million jobs were lost.
"Amazingly, while fewer Americans are working than at the end of 2008, 3.6 million Americans have been awarded SSDI benefits over the same period. The growing number of people on disability and other federal benefits, combined with weak economic growth, raises serious concerns about the sustainability of the American economy," Senator Jeff Sessions, ranking member of the Senate Budget Committee, says in a statement in response to these new numbers.
Read more -
http://www.weeklystandard.com/blogs/americans-joining-disability-outpaces-americans-finding-jobs_648660.html
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