Social Security's Disability Insurance Financing Crisis: Why Another "Quick Fix" Funds Transfer May Cost Far More than Advertised
By Charles Blahous, Jason J. Fichtner, and Mark J. Warshawsky
Social Security’s trustees have long warned Congress to address the troubled finances of the Disability Insurance (DI) program. Given the DI trust fund’s projected exhaustion date of 2016, legislation will be required during this Congress to prevent large, sudden benefit cuts. Will Congress take this opportunity to begin the critical reforms necessary to put DI on a sustainable fiscal path?