How and When Will North Carolina Social Security Disability Reform Happen?

January 6, 2012, by Michael A. DeMayo

The topic of Social Security Disability reform in North Carolina and elsewhere is a favorite of pundits, politicians, financial analysts, and anyone else with a policy bone to pick. This is understandable. According to government accounting figures, $0.21 out of every federal dollar is spent on social security. This makes the program the most expensive program of any kind anywhere in the world.

If you read the doomsday headlines, you will quickly become convinced that the Social Security System is headed for a financial train wreck. As we discussed in a recent blog post, Social Security Disability and other government programs face a perfect storm of problems. More people are retiring and/or relying on government assistance to make it from paycheck to paycheck. More people are getting fat and sick and diabetic. The baby-boomer generation is set to retire. The United States – and the rest of the industrial world – is sunk in a nasty, seemingly never-ending recession. And that’s just the beginning of our woes. Pundits can also point out massive structural problems and inefficiencies that will take generations to eliminate. It’s easy to get sucked into doomsday thinking.

However, it’s important to remember that systems like North Carolina Social Security Disability are complex. That means they are subject to both black swan and white swan effects. The black swan is an unexpected and game-changing bad event – like the financial meltdown of 2008 or the terrorist attacks of 9/11. White swan events are in some sense the opposite. They are positive surprises that unexpectedly solve problems.

For instance, in the last decade of the nineteenth century, pundits spoke in doomsday terms about all the horse traffic on the streets of New York City. All the horse dung, the horse-related deaths, etc. No one anticipated that, in the following decade, the automobile would revolutionize transportation and essentially eliminate horse travel – and all its problems.

Will a white swan-type event save social security? It’s impossible to tell in advance. But it would be foolish to discount the possibility that a white swan could swoop in at the eleventh hour and save us all from what the doomsdayers promise is certain calamity.

For help with your benefits case, connect with a North Carolina Social Security Disability law firm.

More Web Resources:

Black Swans and White Swans

Social Security Disability Doomsday Prophecy

 
 

Parse error: syntax error, unexpected '}' in /home/ncarssd/public_html/wp-content/themes/demayo_blogs/footer.php on line 107