Here’s a recent Washington Post article about the projected depletion of the Social Security disability trust fund by 2016. According to the article, the aging baby boomer population and the country’s economic troubles have placed increased strain on the program over last several years – applications have risen more than 30 percent since 2007. If the program runs through its reserve incoming payroll-tax revenue will only cover 79 percent of the benefits. And, since the program is barred from running a deficit, benefits would then be cut to match revenue. According to the article, this fast-approaching depletion has yet to inspire a concerted effort by lawmakers to find a solution.
