The social security program is often described as an inefficient entitlement program. Nothing is further from the reason. The problem is Congress has used the surpluses pledges had for decades to pay interest on the national debt. Now that there exists no surpluses and also the program runs inside of a deficit, one provides ask whether social security disability benefits are going turn out to be impacted?
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The law was passed in 1935 and was called auto Security Serve. Benefits began being paid in January 1937 and only the "breadwinner" was outlined. In 1939, survivor and children's benefits were contributed. Then in 1956, they added disability benefits, added Medicare in 1965. The government recognized the Social Security number simply because the taxpayer ID in '62.
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Fannie and Freddie were seized by regulators in September 2008 as the financial crisis become more intense. The Bush administration pledged $200 billion to bear them solvent. The Obama administration soon doubled that number to $400 billion. Late last year it pledged unlimited structure and support. This financial bailout for the big banks is preparing the ever-expanding federal budget deficit of the usa which currently stands about $17.5 Mil.