More Failure from Obamanomics … 5.4 Million Join Disability Rolls Under Obama

 

Barack Obama, what a legacy … The Rise of the Nanny State as more and more Americans become dependent on government.

Thanks to Barack Obama’s economic policies and Obamanomics a record number of Americans find themselves on food stamps and disability. A record number 5.4 million workers and their dependents have signed up to collect federal disability checks since President Obama took office. UNREAL. American workers have given up looking for jobs, exhaust their unemployment benefits and then sign up for federal disabilities.

A record 5.4 million workers and their dependents have signed up to collect federal disability checks since President Obama took office, according to the latest official government data, as discouraged workers increasingly give up looking for jobs and take advantage of the federal program.

As a result, by April there were a total of 10.8 million people on disability, according to Social Security Administration data released this week. Even after accounting for all those who’ve left the program — about 700,000 drop out each year, mainly because they hit retirement age or died — that’s up 53% from a decade ago.

But the big factor in the recent surge is the slow pace of the economic recovery after the severe recession. That has kept the unemployment rate above 8% and created an enormous pool of long-term unemployed and discouraged workers. More than 5 million people have been jobless for 27 weeks or more, nearly twice the previous high set in 1983, according to the Bureau of Labor Statistics.

So America, are you better off today than you were before Barack Obama? Hardly. Although one may have to question the legitimacy of why so many are on the disability rolls. Because of the high unemployment rate and no light at the end of the tunnel to get employment, it would seem that many are looking to disability for the answer.

But the big factor in the recent surge is the slow pace of the economic recovery after the severe recession. That has kept the unemployment rate above 8% and created an enormous pool of long-term unemployed and discouraged workers. More than 5 million people have been jobless for 27 weeks or more, nearly twice the previous high set in 1983, according to the Bureau of Labor Statistics.

“We see a lot of people applying for disability once their unemployment insurance expires,” said Matthew Rutledge, a research economist at Boston College’s Center for Retirement Research.

Obama is truly the worst President ever, check out his list of accomplishments.



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  • Barack Obama, the Disability President … Disabled Workers Hit New Record in December: 8,827,795
  • Barack Obama … The Food Stamp & Disability President … The Total Number of people in US Receiving Federal Disability Benefits Hits a Record High in December, 2013
  • Barack Hussein Obama Says, “In Just Three Years… We’ve Begun to See What Change Looks Like” (Video)
  • Obama, Obamanomics & the Bias MSM: 173K New Food Stamp Recipients, 96k New Jobs & 368K Leave Work Force




  • Comments

    One Response to “More Failure from Obamanomics … 5.4 Million Join Disability Rolls Under Obama”

    1. Barack Hussein Obama Says, “In Just Three Years… We’ve Begun to See What Change Looks Like” (Video) | Scared Monkeys on April 22nd, 2012 9:23 am

      [...] Barack Obama has added 5.4 Million to federal Disability Rolls. [...]

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