Social Security Disability in North Carolina: Is a Collapse Imminent?

May 3, 2012, by Michael A. DeMayo

Ask any given expert about the solvency of Social Security Disability in North Carolina and elsewhere, and you will get an array of answers. Most pundits will tell you that our government benefits programs are in relatively poor shape. But some policymakers believe that we only need to make subtle, incremental changes to these programs to avoid massive disruption. Others crow about doomsday scenarios. There is no shortage of speculation with respect to social security’s future problems (or possible solutions).

But what if the system DOES “collapse”? What would that mean for you, if you are someone who depends on North Carolina Social Security Disability to pay bills and survive – or you are a caregiver for someone who needs government support?

First of all, understand that a worst scenario is probably pretty unlikely. Second of all, you should also understand that no one can effectively predict the outcome of a social security type collapse – a major failure of a massive cornerstone of the American bureaucracy. There is really no precedent in history.

Odds are, if something really bad happened to the Social Security Disability system, that failure would not be the only problem we would be facing – we would actually probably be dwarfed by many other problems. In other words, if six months or four years or 20 years in the future, you turn on CNN and you see Wolf Blitzer or his next generation counterpart blathering about a social security collapse, that’s not going to be the only problem! This isn’t to say that a massive Black Swan event couldn’t afflict social security or another big government program.

The reality is that the components of our social security system are so diverse, so complex, so vast, and so byzantine that no individual expert – no collection of experts, even – has any real deep understanding of what failure might mean or how it might occur. There are just too many variables. So just recognize that, while it can be intellectually entertaining to dream up farfetched catastrophic schemes, this exercise is only useful really for people who are building and trying to protect the system as a whole. They are not very useful for people who are actually sick — who actually need Social Security Disability benefits to survive.

Your time is much, much, much better spent worrying about your own financial situation, understanding how the rules might or might not apply to you, and working with a North Carolina Social Security Disability law firm, like DeMayo Law, to ensure your rights.

More Web Resources:

Doomsday Scenario about Social Security

Another Doomsday Scenario about Social Security

 
 

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