Obama budget ignores reality of Social Security

Published February 2, 2015 9:02pm ET



President Obama’s budget released Monday proposes using revenue from the trust fund that’s supposed to be dedicated to paying Social Security retirement benefits to shore up a separate trust fund for those with disabilities that’s on the verge of depletion. But doing so would just delay much-needed reform of the program.

“To address reserve depletion of the Social Security Disability Insurance (DI) Trust Fund, the Budget proposes to reallocate existing payroll tax collections between the Old-Age and Survivors Insurance (OASI) and DI trust funds while a longer-term solution to overall Social Security solvency is developed with the Congress,” the budget read.

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