Is it that important to make an extra short-term buck to gut what little stability is left?
Bullshit. It is fully funded for decades to come.
Curious. In one post you rail against short term planning yet in the next you say every thing is fine because, in the short term, it is fully funded.
But turning SS into a wall st scam is important, you guys have fun humping the corpse of america a few times more, obviously there is a little warmth left before we ALL get screwed by you guys idealogical nonsense.
I have never said I want to force SS to invest in the stock market/wall st so I am not sure how this works as an argument against my posts.
As for an amnesty program I am not sure that doing it just to fix social security is a good idea.
You must also take into account that, by and large, illegal immigrants are under educated by American standards (where you need a college diploma to get pretty much any job) and, as such, will earn less on average. This limits the amount of SS they contribute but has no bearing on how much they can receive.
For example: Someone with a high school degree will earn about $1.2 million. Employee and Employer SS tax will take about $150,000 of that until the employee retires.
Someone with a college degree will make about $2.1 million which is about $260,000 in SS contributions
The CDC says the life expectancy for 2010 is about 79. Therefore, if they start drawing SS at age 66 they will draw about $156,000 in SS payouts
From my research it seems like adding them will neither fix the SS problem or make it worse*
Now for the key assumptions:
They will make it to receive SS
No SS/wealfare payments are received by them prior to turning 66*
(My numbers came from government websites with the exception of the lifetime earnings and I believe my math is correct but feel free to do your own investigation)
* I think they will draw SS/welfare before 66 so, in my view, it would make this a bad idea as it would only increase SS problems.
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