No, they really do not because the number of applications accepted ALSO is completely meaningless without more data.
Now, it is worthy to note that the attached link does not support the Op at all - there is nothing there about Obama or his administration exploding the public dole. What it does state is possibly a huge problem - those roles are expanding quickly.
The only way that accepted claims matters is if you also include the number of claims that end in that same time period. If the accepted claims grow by 1 million a year (as your charts state) but those falling off the program are only 500K a year then that IS a problem. It is a particularly bad problem when you include the fact that the labor participation rate is as low as it is now as those in the workforce are the ones that have to pay those claims.
I don't actually know what the drop off rate is but without that, ALL of this information is out of context and really proves nothing.
The LPR is another worthless stat whose only purpose is to deceive. The LPR is affected by demographics, in this case by Boomers retiring, and means nothing about the quality of the economy. And those Boomers have PREPAID for over 50 years trillions into SS to cover those claims.
false.
The LPR as an indication of the relative health of the economy is irrelevant. That is not what this thread is about. As an indication of the number of people paying into the system - it is very relevant. Fewer people are paying in while more are taking about. This is a known fact and is very relevant to the availability of the funds for actually paying those benefits. This matters greatly.
Further, the idea that those drawing retirement have prepaid for it is also irrelevant. It is only relevant in a conversation about whether or not they deserve the payments considering they already paid for them. That is not in contention atm. Those 'prepayments' don't actually exists and the social security 'trust fund' is nothing more than a IOU. This is also fact. The way the program is structured is such over payments go into governmental bonds - basically paid into the general fund with a promise to pay them back from that same fund. Simply put - it was SPENT.
Now, I am not arguing about whether or not this system is a good one or should be the way that we handle SS BUT it is haw we actually do handle those payments and when the claims against the fund INCREASE while the payments to it do not keep pace there is a very real problem.
Again, this all feeds back to the fact that
all the data provided in this thread amounts to a hill of beans because it
is presented without anything to place it in context such as the number of claims that end in a given year.