Rising Costs of Social Security Disability
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The two main federal disability programs have experienced rising enrollment and soaring spending in recent years. Indeed, combined outlays on Social Security Disability Insurance and Supplemental Security Income have roughly doubled over the last decade to more than $200 billion annually. The programs distort the economy and are adding to the federal government’s fiscal crisis. Cato senior fellow Jagadeesh Gokhale and budget analyst Tad DeHaven have published recent studies on the programs, and they will discuss the causes of recent spending growth, distortions created by the programs, and prospects for reform.