Federal disability insurance payments hit a record $135 billion in fiscal 2012, which ended on Sept. 30.
That was more than the $124.712 billion the Department of Defense paid in fiscal 2012 for procurement of goods and services, according to the federal government’s Monthly Treasury Statement for September.
The number of workers taking disability also climbed to yet a new record of 8,805,353 in November, rising from the previous record of 8,803,335 in October.
According to official data published by the Social Security Administration, the record $135.097 billion in disability payments that the federal government distributed in fiscal 2012 was an increase of $7.117 billion from the $127.980 billion in disability payments the federal government distributed in fiscal 2011.
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