John Ransom

Truth001 wrote: Way to rally the troops Ransom. Blame SSDI for the lower unemployment numbers! That is stretch even for you John. You don't mention that many baby boomers are starting to retire. SSDI is nothing but a slam at many good people who have had to resort to this program. That does not mean there isn't some fraud. There are always a few that make it bad for the many.- Unemployment Explained: Obama's Disability Scammers

Dear Comrade Pravda,

At issue here, as we wrote originally, is that SSDI enrollments have gone up while the number of people in the workforce has gone down. And the numbers and timing are such to cause one to examine the link.

While it’s true that more people are retiring, Baby boomer retirement has nothing to with the increased numbers of SSDI recipients. And the drop in the workforce participation rates has nothing to do with Baby Boomer retirements either. The topline number might go down. but not participation rates.

Fortunately, since liberals have such terrible math problems, Madeline Schnapp, the director of research at Trim Tabs, did a little graph for Mike Shedlock, following up on his original story.

First here’s what she wrote: From July 2010 to April 2012, the decline in the number of people collecting extended and emergency unemployment benefits was 2.46 million. Over the same time period the number of people collecting disability benefits increased by 2.20 million. We suspect the similarity in the inverse relationship is more than coincidence.

The chart below makes the relationship even more clear:

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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