Over at Roll Call, former Congressmen Jim Kolbe (R-AZ) and Charlie Stenholm (D-TX) – long leaders on Social Security reform – urge Congress to tackle the looming insolvency of the Disability Insurance trust fund:
As if stirring, like Rip Van Winkle, from a 20-year snooze, Congress is finally awakened to the teetering finances of the Social Security’s disability program. Better late than never, but policymakers have known for years that this day would arrive — and it has.
While some say the alarms being raised about the projected depletion of the Social Security Disability Insurance Trust Fund by late 2016 is a manufactured crisis easily fixed by accounting maneuvers, it is actually a stark reminder of the need to address the structural imbalance in the Social Security system. We can’t afford for Congress to ignore these challenges for another 20 years
Check out the whole article here.