This is a report from Bernie Sanders who is on the Budget Committee. It is 12 pages long with lots of charts and history. It is a must read because we are going to see a real messy fight on this before the end of the 2 years. I would also book mark it and pass it on to others. You will want to refer back too it when the dog fight starts.
On the very first day of the new Congress, House Republicans manufactured a crisis for SSDI by passing a rule that would prevent Congress from rebalancing funds between OASI and SSDI 12 through a point of order. This rule, which was approved by the House of Representatives, requires any rebalancing to improve the combined 75-year actuarial balance of both trust funds. Absent a deal, DI beneficiaries would face an immediate 20 percent cut in benefits, creating unnecessary anxiety and pain for vulnerable Americans.
This will cause a 19-20% cut in benefits to the disabled. This can lead to unnecessary suffering and even loss of life for these Americans. They don't get enough support as it is.
For several years now, some Republicans have looked for opportunities to undermine the Social Security program. Either by complaining that it is unsustainable, that it is too generous or as in the case now, that there isn’t enough money to go around between seniors and the disabled. This is patently untrue. In fact, Social Security has a $2.8 trillion surplus in its trust fund and can pay out all benefits to all beneficiaries for the next 18 years. This is the assessment of the Social Security Administration. There is no debate about it and any attempt to argue otherwise is simply an effort to mislead and confuse.
They have been trying to get rid of this program since 1935. They think they will be able to pit seniors against the disabled by stopping the reallocation and balancing of the trust fund. It looks like the Democratic members of Congress are not going to roll over on this. Sanders is going to lead the charge. He will make this a campaign issue for the 2016 election cycle.