The Social Security Disability Insurance trust fund is projected to be depleted in 2016. If Congress does not act on Social Security reform, it would translate into a 20 percent cut in benefits to 9 million disabled people plus another 2 million dependents, according to Reuters columnist Mark Miller.
To shore up the SSDI, Congress could reallocate a portion of payroll tax revenues from the Social Security retirement program. However, the disability program has been the topic of heated debate in Washington, with many accusing the SSDI of falling victim to fraud and out-of-work baby boomers taking advantage of the system. Read more.