Fiscal Cliff Round II

Great Article over at Bloomberg on the need for Soc Sercurity disability reform.


From Bloomberg;

The conversation in Washington is shifting from taxes to entitlement spending and, in particular, how to slow the unsustainable growth of Social Security and Medicare.
Central to that discussion should be an overhaul of Social Security Disability Insurance, a vital safety-net program for millions of disabled workers. It has gotten too big and too costly. Worse, it has shifted the incentive for those with physical impairments to choose government dependency over work. Oh, and it will be insolvent in three years if nothing is done.
The program’s $124 billion annual cost is nine times what it was in 1970. Its ranks have swollen to more than 10 million beneficiaries in 2011, or 4.5 percent of the working-age population, up from about 1.3 percent in 1970.