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
More from Joe Pitts
Nov 14, 2016
I am very pleased to congratulate and welcome my good friend, Dwight Evans, to the floor of the House. Before I served here in Congress for the last 20 years, I served in the statehouse of Pennsylvania for 24 years. In the last 8 years of…
Jul 11, 2016
Today's hearing is an important discussion that will examine the areas where we can improve our national trauma system.
Sep 8, 2016
Today's Health Subcommittee hearing will examine the Federal mental health parity laws and regulations.
Jul 6, 2016
I thank Mr. Murphy for his leadership and his persistence in getting this historic legislation to the floor. When a person struggles with mental illness, he or she may lose her job, her friends, even her family, which can make the mental…





