Yet another Obama record! 8,733,461 workers took federal disability insurance payments in June
When they said Obama would be a historic president, they weren’t kidding. The Obama reign of terror has set yet another record. Last month, 8,733,461 workers took federal disability insurance payments. Beat the record set in the previous month. Compare this with with George H.W. Bush’s last year in office in 1992 when there was a similar lousy economy, and “only” 3,334,333 workers took federal disability insurance payments in June of that year.
It also exceeds the entire population of New York City, which according to the Census Bureau’s latest estimate hit 8,244,910 in July 2011.
There has been a dramatic shrinkage in the United States over the past 20 years in the number of workers actually employed and earning paychecks per worker who is not employed and is taking federal disability insurance payments.
In June 1992, according to the Bureau of Labor Statistics, there were 118,419,000 people employed in the United States, and, according to the Social Security Administration, there were 3,334,333 workers taking federal disability payments. That equaled about 1 person taking disability payments for each 35.5 people actually working.
When President Barack Obama was inaugurated in January 2009, there were 142,187,000 people employed and 7,442,377 workers taking federal disability payments. That equaled about 1 person taking disability payments for each 19.1 people actually working.
