Zaac
Well-Known Member
Little recourse seen for Democrats on Social Security rule change
WASHINGTON (Reuters) - Democrats appear to have little recourse against a House of Representatives rule change that could prompt a steep cut to Social Security disability benefits next year, congressional aides said on Monday.
The new legislative rule, pushed through with little notice last week, would prohibit a routine transfer to the Social Security Disability Trust Fund, which is expected to be depleted by late 2016.
Without an injection from the main Social Security retirement fund, the disability program would have to cut benefits by some 20 percent, only paying out what it can collect from payroll taxes.
Congress approved the last such "reallocation" transfer in 1994 after several in the 1980s under President Ronald Reagan.
Republicans say they passed the rule change to force reforms to the disability program, which they claim is rife with fraud and mismanagement. Democrats, unable to stop the shift, have called it a "stealth" move to cut benefits.
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http://news.yahoo.com/little-recour...security-rule-change-233948421--business.html