Illegal Immigrants helping save the Social Security Trust Fund? New S & P report says Yes. Interesting?

Question

A new report by Standard and Poor's (an extremely reliable source) says illegal immigrants in recent years have contributed the "vast majority" of $7,000,000,000 extra to the fund - money that will never be paid out. This reduces the long term shortfall by almost 10%.

http://www.newsmax.com/archives/ic/2006/4/11/152522.shtml?s=lh (sorry, there's a pop-up ad, but only one)

Why is it that we don't hear more about such studies, but instead just hear the ones that villify immigrants? Perhaps this would interfere with Halliburton's latest billion dollar tax-money contract to build detention centers and a wall?

Answer 1

Hmmmm... very interesting article! Before I criticize or support that statement, I'd have to confirm it's validity but it seems credible and stands to reason! Certainly something not considered!

I don't think I agree with your spin on Halliburton, but that does not really add or take away from this SSN finding. Certainly worth discussing!

Thanks for the link!

Answer 2

Why does Social Security need to be saved? Currently, the baby boomer generation is contributing more money, than the amount being taken out. So there should be a surplus, right? Wrong. Why? Because the government takes(borrows) the surplus and spends it elsewhere.
It's wrong for someone to be in the US illegally. It is wrong to justify keeping them here because they provide some economic benefit. You share the same mentality as Slave owners.
Take a step back and consider Your thoughts. Would you say to an illegal, "you should stay here illegally, continue working and keep paying into this fund that you will never get." Seriously, if you think your chances of getting SS money are slim and the illegals chance is even less, why would you think that's OK? It's not OK, it's wrong.
If you have a car, learned to drive, passed a driving test, got a license, pay insurance, buy gas, buy parts, pay someone to wash it, pay car tax, etc. After following all these rules, why would you then drive on the wrong side of the street, drive as fast as you want, run red lights, drive drunk, run people over, etc?
Now lets say you do follow all the traffic laws, buy gas, parts, etc, but don't pay insurance, don't pay registration, you don't even have a license to drive, but hey you're a good driver. Being a good driver doesn't exempt you from having to get a license and follow traffic laws. If you're won't do what's necessary to get a license, you don't have a right to drive.
If you won't do what's necessary to enter the country legally, you don't have a right to be in the country. Don't have a right to contribute to some things, benefit from some things and use any excuse to exempt yourself from following the rules that others do follow. It's hypocritical to make some people follow a law and allow others to break the same law. Every year, hundreds of thousands immigrate legally to the US, while millions enter illegally.
What excuses do legal immigrants use for coming legally?
Should the US reduce the number of legal immigrants it allows in, so we can allow for more illegal immigrants? How many illegal immigrants first attempt to legally immigrate? Not many.
So Why make excuses for illegals who won't even try to enter legally, when there's so many immigrants who choose to enter legally?

Answer 3

Illegal alien workers may increase profits for employers, but they are costly to the American taxpayer. Most illegal aliens have low educational attainment, few skills, and they work for low wages, often in the underground economy where they pay no taxes on their earnings. Since about three million illegal aliens gained legal status in the amnesty of 1986, the flow of illegal immigration has increased, and today that population is estimated at 9-11 million illegal alien residents in the country. The former Immigration and Naturalization Service estimated that the illegal alien population was increasing by about half a million aliens per year in 2000.

Illegal is illegal and the "cost" of cheap labor is just too much.Make ENGLISH the OFFICIAL language of the USA .I agree with Ruby all the way.

Answer 4

Your information is correct, and in response to someone who asked why don't they become legal...that is precisely what they want and is being denied to them. Do you know that to obtain a VISA to travel legally to the US is very difficult and that the vast majority of people in other countries don't atually qualify by close? This is also a cause of the problem. If they want them to travel here legally, then make it accesible for them to obtain a work VISA, but that doesn't happen.

This is no new information, it has always been there. Why is the opposite usually held in general opinion? thanks to some currents in the media that exploit the people's aversions and disinform the public. But the truth is that Illegal aliens DO pay a big amount of Social Security that they never get credited for. What they use in social and public services is neglectible in comparison to this.

20 years from now, looking back at today the opinion is gonna be different, you'll see.

I am not a supporter of Illegal inmigration. That's why i say: OK, if their illegal status makes you frawn, then either give them legal status or kick them out and let them apply for a VISA that can be more accesibly obtain than with today's reuqiements.

But that is my view, and i know I am gonna get a lot of thumbs down, but it doesn't matter. I will sleep tonight really good.

Answer 5

i do no longer agree along with your factors, given which you permit out the key ingredient that the electorate of america of a have the superb to set our immigration regulations no longer the illegals no longer rely how complicated working or properly meant. whether we went alongside along with your software, being we had 2.a million million who have been granted amnesty in 1986, and we now have between 12-30 million while could it end, could it in basic terms be the being of the tip of america of a as further and extra illegals got here to be granted prestige besides. that could recommend in 2027 we'd have between 25-60 thousands and thousands wanting the comparable deal

Answer 6

Until they claim against it and bring in indigent parents as would occur if they were legalized, at which point the picture would invert dramatically.

They take far more out in benefits like education and health care and aid to children than they pay in taxes, including to the suspense fund. There have been many, many studies on this.

Answer 7

Source CNN
http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html

Excerpt:

REP. JAMES SENSENBRENNER (R-WI), JUDICIARY CMTE. CHAIRMAN:

They'll flood our schools, our health care system will collapse and our social services system will end up being overtaxed, and we've got to get control of our borders, because if we don't, we're going to see our economy collapse.

DOBBS: That economy, we know the estimates by the most authoritative and recent study put the suppressed wages at $200 billion a year, as a result of immigration, both legal and illegal.

We know that the costs, the estimated costs run about $50 billion for services, and I can't tell you, Mr. Chairman, how many people have said to me, typically, open borders activists, in support of illegal aliens, but we provide $7 billion in Social Security taxes every year, as if that is some sort of reasonable offset.

Answer 8

You have to see the big picture. No matter how much everyone wants to validate the illegal behaviors... illegal is illegal. If they are paying any money into the government, it's because they have a stolen social security number. Two wrongs won't make a right.

Answer 9

You can't give amnesty to criminal just because he gave the money he stole to homeless, or the car thief because he used the car to transport the poor to the shelter. You don't do crimes and then expect amnesty for a good deed. A crime is a crime. To use someone else's SSN is a FEDERAL Offense, a FELONY.

Also, you can't justify putting billions INTO one program when the same people are sucking 30 BILLION (plus) ANNUALLY out of other programs, like welfare, subsidized housing, free medical care, of which they DON'T pay into. What cost do you put on the diseases they bring into the USA? What cost do you put on the suppressed wages of American citizens by their acceptance of slave wages? What cost do you put on the destruction of our formerly nice neighborhoods by their crowded living habits?

ILLEGAL IS ILLEGAL
NO amnesty
DEPORT
NO exceptions
Make ENGLISH the OFFICIAL language of the USA

Answer 10

You have great points & you have stated your views clearly.
But, I do have to agree with devils advocate.
They are still illegal in the first place, They really shouldn't be here, The Vast majority of illegal immigrants send 10 million dollars back in revenue to Mexico aswell.

Why don't they just become legal and do things the right way.