Bruce Krasting, in an essay he admits is intended to "stir the pot" and rouse the AARP from its slumber, asserts that the CBO has delivered a cryptic message that the Old Age and Survivor Insurance (OASI), more commonly known as the Social Security Retirement Trust Fund, can legally be "raided" in order to cover Disability Insurance (DI) benefits when the Disability Insurance Trust Fund runs out of funds in 2016.CBO – The Coming Raid on Social Security...SS consists of two different pieces. The Old Age and Survivors Insurance (OASI) and Disability Insurance (DI). Both entities have their own Trust Funds (TF). OASI has a big TF that will, in theory, allow for SS retirement benefits to be paid for another 15+ years. On the other hand, the DI fund will run completely dry during the 1stQ of 2016. By current law, the DI benefits must be cut across-the-board by 30% on the day that the DI TF is exhausted...CBO projects that the DI trust fund will be exhausted during fiscal year 2016. Under current law, the Commissioner of Social Security may not pay benefits in excess of the available balances in a trust fund, borrow money for a trust fund, or transfer money from one trust fund to another. However, following rules in the Deficit Control Act of 1985 (section 257(b)), CBO's baseline assumes that the Commissioner will pay DI benefits in full even after the trust fund is exhausted...The "loophole" to drain the OASI insurance is already law - so Congress doesn't have to do anything to raid the retirement fund. The "do nothing" plan is always the best option in D.C...What CBO fails to state is that the raid on OASI will result in a significant reduction in the End Date for the retirement Fund...http://brucekrasting.com/cbo-the-coming-raid-on-social-secur...If I read the linked article correctly, Krasting is suggesting that the retiree voters represented by the AARP need to be roused from their slumber or else they will wake up to find that their retirement funds have been exhausted earlier than they expect. He asserts that the millions of (often fraudulent) disabled Americans apparently will get "first dibs" on the funds that retirees presume will support them in old age.If what he says is true, then a showdown is inevitable between existing or future retired older Americans and millions of disability benefit recipients who may beat the old folks out of their own benefits.It will be interesting to find out whether the AARP picks up on this in time to prevent the purported "loophole" from kicking in come 2016.:-o
Can't comment much because not enough info is provided. However, people on SSDI eventually either die (so benefits stop) or they hit FRA and then get switched to SS normal retirement. So, SSDI is--by definition--a temporary program for everyone who is ever disabled and drawing benefits.