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Why Do Social Security Cuts Matter?

On Behalf of | Mar 3, 2016 | Firm News, Social Security Disability | 0 comments

In a presidential election year, Social Security is often a hot button topic. This year, the debate revolves around the challenges facing recipients of Social Security disability benefits. Obstacles taking the form of what many consider probable cuts in benefits by the end of 2016.

For nearly one year, a sword of Damocles has hung over disability recipients. Those suffering disabilities already deal with challenges in their daily lives. What started as proposed cuts are now harsh realities. The disability trust fund faces depletion by year’s end.

Beneficiaries could see cuts of nearly 20% in their monthly checks. Experts preach calm while telling beneficiaries to be prepared. Careful financial planning could lessen the impact of a drastic reduction in benefits.

Temporary fixes are not the solution. Leaving the financial solution in the hand of recipients and their financial planners merely passes the buck. Unfortunately, the politics of a coming presidential election will only create delays in finding a viable, long-term solution.

Whether the reason involves procrastination or partisan bickering, the results are the same. The current Social Security disability program cannot sustain itself at its current level. Yet, the elected decision makers have yet to take action while Social Security Disability recipients wait and worry.

Both recipients and applicants continue to deal with a complex government bureaucracy. Continuing challenges that require the help of an experienced and knowledgeable Social Security disability attorney.