“Get Politically Active” is an occasional entry that contains a document on a current political issue. It will be one page long and easy to copy. Consider emailing this to contacts that might be interested in this topic. Someone may want to pass this out at a Town Hall Meeting.
Background: In a Press Release, Rep. Tom Reed claims that the Social Security Administration has unfairly “raided” the “Retirement Fund (Old-Age & Survivor Insurance) in favor of the Disability all 11 times funding changes happened. That is not true, and the following chart, from the Center of Budget Policy Priorities shows it. Five of the 11 allocations of worker’s payroll deductions (1979, 1980, 1983, 1984 and 1997) the SSA actually increased the Retirement Fund and decreased Disability Fund.
Go To Historical Social Security Rates for a pdf copy of the table below, or click on the chart for a jpeg. To see or download the full CBPP’s report (6 pages) “Congress Needs to Boost Disability Insurance Share of Payroll Tax by 2016” report click here.
Historical Social Security
Old-Age & Survivors Insurance and Disability Insurance