  Since the Fine Guiding Sensor (FGS) on the Hubble Space Telescope (HST) was
used to measure the distance to SS Cyg to be $166\pm12$ pc, it became apparent
that at this distance the disc instability model fails to explain the absolute
magnitude during outburst. It remained, however, an open question whether the
model or the distance have to be revised. Recent observations led to a revision
of the system parameters of SS Cyg and seem to be consistent with a distance of
$d\gta 140$ pc. We re-discuss the problem taking into account the new binary
and stellar parameters measured for SS Cyg. We confront not only the
observations with the predictions of the disc instability model but also
compare SS Cyg with other dwarf novae and nova-like systems. We assume the disc
during outburst to be in a quasi stationary state and use the black-body
approximation to estimate the accretion rate during outburst as a function of
distance. Using published analysis of the long term light curve we determine
the mean mass transfer rate of SS Cyg as a function of distance and compare the
result with mass transfer rates derived for other dwarf novae and nova-like
systems. At a distance of $d\gta 140$ pc, both the accretion rate during
outburst as well as the mean mass transfer rate of SS Cyg contradict the disc
instability model. More important, at such distances we find the mean mass
transfer rate of SS Cyg to be higher or comparable to those derived for
nova-like systems. Our findings show that a distance to SS Cyg $\gta 140$ pc
contradicts the main concepts developed for accretion discs in cataclysmic
variables during the last 30 years. Either our current picture of disc
accretion in these systems must be revised or the distance to SS Cyg is $\sim
100$ pc
