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Is it true that social security payments are being cut?

Is it true or just a rumor that Social Security for disabled persons will have their monthly payments cut by 25%?
Status: Open    Aug 31, 2015 - 05:03 PM

Finance

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Sep 01, 2015 - 06:45 AM

By the end of 2016 there will be a shortfall in the Social Security disability trust which might lead to a 20% cut if Congress doesn't act, and you may notice that Congress has not been acting lately. Regular Social Security will be okay for at least the next twenty years.

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Sep 14, 2015 - 09:46 AM

Right now it's being debated in Congress. There actualy is not a shortfall, there are two different ways of figuring the budget, amounts for the different pots of money that make up social security. It's easier for Congress to use a "divide and conquer" strategy and make mountains out of molehills during an election year. Unfortunately, people with disabilites have become a target of that. Historically, when the minimum wage goes up, COLA's for social security eventually get adjusted. There may be a temporary hit while Congress sorts this out. The reality is that it is MUCH easier to keep the paychecks essentially the same size rather than cut paychecks and increase social spending on programs like supported housing and food stamps, because people are not able to work, still need to be housed and fed. I am calling my congresspeople and reminding them of this on a regular basis........try not to worry.

Sep 14, 2015 - 09:59 AM

There is a very easy way to resolve the Social Security for the immediate future. Simply remove the cap on earnings subject to the Social Security tax.
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