Social Security disability on verge of insolvencyBy STEPHEN OHLEMACHER
Aug. 21, 2011
NSA Whistleblower Says NSA Spied On Congress, The Supreme Court And Trump
Carlson: "U.S. Has Imported A Foreign Criminal Class That Operates A Multi-Billion Dollar Drug Trade"
France: Muslims Pray In Streets Of Paris To Protest Mosque Closure
Trump Was Right: Jewish Teen Arrested For Bomb Threats To Jewish Centers
Al Jazeera Viewers 'Reacted To London Terror Attack With Joy'
Verge? It's been running on printed money for years.WASHINGTON (AP) — Laid-off workers and aging baby boomers are flooding Social Security's disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency.
Applications are up nearly 50 percent over a decade ago as people with disabilities lose their jobs and can't find new ones in an economy that has shed nearly 7 million jobs.
The stampede for benefits is adding to a growing backlog of applicants — many wait two years or more before their cases are resolved — and worsening the financial problems of a program that's been running in the red for years.