From columnist hiltzikm: 'Fox News commentators grossly misinterpreted Gillibrand’s comments, which actually made eminent sense.'
In the 2018 report, for instance, the trustees based their middle estimate on net immigration averaging about 1.3 million people per year through 2095, including about 484,000 unauthorized immigrants. That’s not far from the average in recent years, according to Social Security’s estimates. This yields the familiar prediction that the program’s trust fund, or reserve, will run out in 2034, at which point benefits may have to be cut by about one-fourth.
In the worst-case scenario, labeled “high-cost” in the trustees’ report, net immigration averages only 950,000 per year, including about 356,000 net unauthorized immigrants. That results in the trust fund running out sooner, in 2030.But in the best-case scenario, net immigration averages 1.6 million per year, including 607,000 unauthorized immigrants. That puts the trust fund solidly in the black, without changes in taxes or benefits, for at least the next 75 years.
In summary, then, for an aging country such as the United States, immigration is an economic necessity. Kirsten Gillibrand was speaking up not only for a humane and fair immigration policy, but an economically sustainable policy. The threat to Grandma’s Social Security is coming not from Gillibrand but from anti-immigrant and anti-worker ideologues like Sean Hannity and Mike Huckabee, and through their distortions they would make life harder for everyone but themselves.
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