Disability Trigger In Bush's Proposed FY 2008 Social Security Budget

Here is a little nugget I missed the first time I looked at President Bush's proposed budget for fiscal year (FY) 2008:

The 2008 Budget includes a proposal to highlight with a “funding warning” the escalating and persistent fiscal problems facing DI [Disability Insurance]. If SSA’s actuaries project a negative DI cash flow that is more than 10 percent of program cost for four consecutive years in the upcoming 10 years, the Board of Trustees will issue the warning in the annual Trustees Report. Issuance of a DI funding warning would require the President to transmit to the Congress proposed legislation to respond to the warning within 15 days after the date of the next Budget submission; the Congress would then consider this legislation. The analysis of DI’s budgetary impact will safeguard an important source of disability insurance while promoting sound fiscal policy.

I think this would be triggered fairly soon.