By handing out work permits to illegal aliens, the Obama administration is creating an even earlier insolvency of the Social Security Trust Fund. Apologists for the illegal aliens still claim they are subsidizing the retirement system because they are paying in but receiving no benefits. That contention, however, was based on illegal aliens working with fake or stolen Social Security Numbers (SSNs) that did not allow them to claim benefits.
The degree to which illegal aliens subsidized the Trust Fund has always been overstated because a large share of illegal workers have been working for cash with no Social Security withholding. The low wages of most illegal workers also minimized the amount of withholding going to the Trust Fund.
Now, the situation is experiencing a fundamental change with the Obama administration’s implementation of an unlegislated and renewable amnesty known as Deferred Action for Childhood Arrivals (DACA). Some 800,000 DACA recipients have already been given work permits and SSNs. Those beneficiaries are now able to work legally, so most of them are likely no longer working ‘off-the-books’ for cash wages. They establish legitimate accounts in the Trust Fund and will be eligible to apply for retirement benefits upon reaching the qualifying age if they have worked the minimum required amount.
This looming new major demand on the solvency of the Trust Fund will be exponentially compounded if the president’s 2014 Deferred Action for Parents of Americans (DAPA) amnesty for illegal aliens survives the legal challenge to it currently before the Supreme Court. That program, if put into effect, is projected to put work permits in the hands of several million additional illegal aliens.
This undermining of the fiscal health of the social security system is an issue that should be addressed in the current presidential campaign. Candidates who support the DACA and the DAPA or a general amnesty program should be prepared to explain how they will maintain retirement benefits in the future while adding millions of new beneficiaries.
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When the government and news media call social security an “entitlement”, that really ticks me off. It is NOT an entitlement that is our money we have paid in. The government digs into it every time they need to move money around for anything. And by the way NO CHANGE, when an ILLEGAL steals someone’s SS number, paying into SS they SMALL amount that they do, is usually not all they use that number for and many times the victims credit is ruined for years.
There had been so much things in PAST DECADES, that most of these illegal immigrants have been working through these UNDER GROUND; TEMPORARY AGENCIES; been using someone else I’D’s & their SOCIAL SECURITY, which they purchased them throughout PEOPLE gone back home(COUNTRY). Additionally these UNDER GROUND TEMPORARY AGENCIES for FACTORIES WORKERS made MILLIONS DOLLARS BUSINESS off these ILLEGAL IMMIGRANTS, where MANAGERS make PROFITS as well.
It had been been great multi MILLIONS DOLLARS of BUSINESS between THE UNDER GROUND TEMPORARY AGENCIES & BUSINESS OWNERS; whose have had been employing these FOREIGN WORKERS in all these industrial business and productions for which they all had have been paid below wages anyhow. GO FIGURE AMERICAN.
Jack how is this insolvency going to happen if more money is coming in? could you explain foe example your situation or mine in terms of a lifetime taxes and the average of the social security return so far? Just to understand this better….the main issue is not the social security but the states of missing the funds and giving out pensions……don’t you think?
missing = misusing
Social Security benefits pay out more in average benefits to a low-wage worker than it takes in. So the more low-wage workers in the system – and low-wage workers are heavily represented among illegal aliens – the greater the deficit run up by the Trust Fund. And the current situation when some illegal alien workers are having Social Security wages paid into the system – without any future liability of paying benefits to those workers -will be reversed if those illegal workers are given work permits.
thank you Jack..that is interesting so basically the System has not been improved to account for worst case scenario seance Roosevelt…..etc…the pensions,,,and the mismanagement of funds..etc thank you again
Well, the damn government has stolen more than $2.6 trillion out of the Social Security account! We want it returned with interest and as for the illegal aliens, they deserve nothing!! What does the term Illegal mean to you?
My name vora varis im a hard working and im india and i love America please please give me visa im welder please please please sponsore i won’t job
If You’re on Social Security Like Me
You put more in to the fund working in America all our lives than you’ll ever remove in a life time….so why do we rob the locked box and demand it be “shared” with foreigners and its BENEFITS CUT? Because the open borders Establishment rich elite aren’t on Social Security….LOL
reALLY…hte same way it can be said thanks to them you are still receiving it……
with what you just said then it is a good business…..more money in which means you are and will be funded…..by the way why are you so lazy…? you are not even 60 and relaxing!! what a life……
AND all the money that the illegal have paid to the fake names I SAY……the gov should keep it….not the recipients….it would be illegal the recipients keep it….so SW if somebody stole your SS about time they reduce your take. that tis fair…..