Federal disability payments hit record high this year
More than the $135 billion paid out by the Department of Defense in fiscal 2012
Federal disability insurance payments hit a record $135 billion in fiscal 2012, which ended this past September 30. That figure was more than the $124.712 billion the Department of Defense paid this year for procurement of goods and services.
Given that the Bureau of Labor Statistics said there were 115,459,000 Americans working full-time in October, the 8,805,353 workers now collecting disability equal about one for each 13 full-time workers.
The record $135.097 billion in disability payments that the federal government distributed in fiscal 2012, according to official data published by the Social Security Administration, was an increase of $7.117 billion from the $127.980 billion in disability payments the federal government distributed in fiscal 2011.
Federal disability insurance payments have increased from $104.517 billion to $135.097 billion, a jump of $30.58 billion or 29 percent, in the last four fiscal years. Over the past decade, annual federal disability payments have more than doubled from the $64.156 billion the government paid in fiscal 2002.
Given that the Bureau of Labor Statistics said there were 115,459,000 Americans working full-time in October, the 8,805,353 workers now collecting disability equal about one for each 13 full-time workers.
In November 1968, there were 65,506,000 full-time workers in the United States and 1,291,339 workers collecting disability, or approximately one worker on disability for each 51 full-time workers.
According to the Social Security Administration, in addition to the record 8,805,353 workers collecting disability in November, there were also 163,393 spouses of disabled workers who collected benefits and 1,886,456 children of disabled workers who collected benefits.
The total of 10,855,202 beneficiaries collecting disability as workers, spouses or children in November was also a record-up from the previous record of 10,844,253 set in October.
The record total of 10,855,202 workers, spouses and children collecting disability in November equaled about one for each 10.6 people working full time. From 1968 to present day - that translates from one worker to 10 workers currently collecting disability.
"Any purchase of a good or service by DOD is defined as procurement," the Congressional Research Service says.
In addition to the $124.712 billion DOD spent on procurement in fiscal 2012, according to the Monthly Treasury Statement, it also spent $70.397 billion on research, development, testing and evaluation, and $14.551 billion on military construction.
© 2012, Catholic Online. Distributed by NEWS CONSORTIUM
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Pope Benedict XVI's Prayer Intentions for January 2013
General Intention: The Faith of Christians. That in this Year of Faith Christians may deepen their knowledge of the mystery of Christ and witness joyfully to the gift of faith in him.
Missionary Intention: Middle Eastern Christians. That the Christian communities of the Middle East, often discriminated against, may receive from the Holy Spirit the strength of fidelity and perseverance.
Keywords: Disability payments, Social Security, American workers
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Do you think the rise in disability has something to do with the age of the workers ?You do know that people had jobs where they were on their feet for 8 to 12 hours at a time on mid-night shifts ( not good for health)and that whole time they would be working with their hands lifting heavy equipment or running up and down a production line and inhaling fumes and dust in heat or cold and workers do get hurt at work also.lets remember this is a country were you got your medical insurance at work do you think the "job creators" would hire somebody that look like they are too old or would get sick on them ?I was told by a lawyer that men as picture above would be awarded disability because the Judge knew the man had no chance of ever finding work again in our country because a employer would consider the man a insurance liability.P.S. where's his happy little puppy at?