Another Obama Success Story: Jobless Disability Claims Soar to Record $200B as of January

Posted by on Feb 19, 2012 at 2:35 pm
Barack Obama

I suspect you won’t be seeing this story on MSNBC.

Standing too many months on the unemployment line is driving Americans crazy — literally — and it’s costing taxpayers hundreds of billions of dollars.

With their unemployment-insurance checks running out, some of the country’s long-term jobless are scrambling to fill the gap by filing claims for mental illness and other disabilities with Social Security — a surge that hobbles taxpayers and making the employment rate look healthier than it should as these people drop out of the job statistics.

“It could be because their health really is getting worse from the stress of being out of work,” says Matthew Rutledge, a research economist at Boston College. “Or it could just be desperation — people trying to make ends meet when other safety nets just aren’t there.”

As of January, the federal government was mailing out disability checks to more than 10.5 million individuals, including 2 million to spouses and children of disabled workers, at a cost of record $200 billion a year, recent research from JPMorgan Chase shows.

The sputtering economy has fueled those ranks. Around 5.3 percent of the population between the ages of 25 and 64 is currently collecting federal disability payments, a jump from 4.5 percent since the economy slid into a recession.

Mental-illness claims, in particular, are surging.

Hope, change and mental illness.  If Obama is re-elected, we’ll all be going nuts.

4 Responses to “Another Obama Success Story: Jobless Disability Claims Soar to Record $200B as of January”

  1. Sad Observer on 19/19/12 at 4:32 pm

    I see this all the time. We are becoming a nation of moochers that are well versed in gaming the system.

  2. Sad Observer on 19/19/12 at 4:38 pm

    We have this:

    “New congressional estimates say the trust fund that supports Social Security disability will run out of money by 2017, leaving the program unable to pay full benefits, unless Congress acts. About two decades later, Social Security’s much larger retirement fund is projected to run dry, too, leaving it unable to pay full benefits as well.”

    Could someone explain to me why the federal goverment is in the disability insurance business anyway? I sort of remember that there was this 10th amendment thingy…

  3. Blue Hen on 20/20/12 at 11:45 am

    I’m trying to slap together a gag combining ‘Recovery Summer’ with ‘A Game of Thrones’ theme. The Obama campaign’s new slogan should be “winter is coming”.