According to the Social Security trustees, the Social Security Disability program is expected to exhaust its trust fund in just 4 years. If the fund is exhausted and if nothing is done, only around 80 percent of the benefits will be paid out. Over 11 million Americans could be impacted. Again, we have another government entitlement program headed towards bankruptcy. This is a program that costs as much as the annual budgets of the Departments of Agriculture, Homeland Security, Commerce, Labor, Interior, and Justice combined. I know how important this program is to many of my own constituents. With regard to Medicare, Medicaid, Social Security, and the disability program, tens of millions of people rely on these programs, but they are not structurally sound. Doing nothing is not the answer, and taking funds from the general revenue does nothing to provide the long-term stability that we need. We need real innovative reform that fixes our problems, that saves and strengthens these programs without piling up debt. If we don't act to save and strengthen these programs, our creditors will make the decisions for us down the road. We need to address these problems in a bipartisan manner. One party can't do it alone. ____________________
On the recordJune 6, 2012
Source
govinfo.govShare & report
More from Joe Pitts
Feb 4, 2015
With the rise of ISIS--or ISIL--in Syria and Iraq, we have seen the brutality of Islamic extremism to an extent previously unimaginable. In just the last week, ISIL beheaded two Japanese citizens and revealed that a Jordanian pilot had…
Mar 26, 2015
I am pleased to yield 1 minute to the gentleman from Mississippi (Mr. Harper), an outstanding member of the Energy and Commerce Committee and a good advocate on health issues.
Feb 3, 2015
Might I inquire how many speakers the gentleman from New Jersey has remaining. We are prepared to close, Mr. Speaker, and I reserve the balance of my time. {time} 1500
Sep 29, 2015
I reserve the balance of my time. Ms. DeGETTE. Madam Speaker, I yield 2 minutes to the distinguished gentleman from New York (Mr. Nadler).





