Sunday, August 17, 2008

can they do math? or will they make too much money by not doing it...

Census Bureau Trashes Social Security Trustees Immigration Assumptions

That could have been the headline of an article reporting on a new set of projections for immigration from the Census Bureau. According to the article, immigration will rise from its current rate of 1.3 million a year to more than 2 million a year by the middle of the century.

By contrast, the Social Security trustees intermediate scenario assumes that immigration will fall from its current rate to just over 1 million a year by the middle of the century. Even the low cost scenario assumes immigration of only 1.3 million a year by the middle of the century.

A more rapid pace of immigration improves the financial situation of Social Security. If the Census projections prove correct, then close to 30 percent of the projected Social Security shortfall would be eliminated. This point should have been mentioned in the article.


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Jim Nichols
A Speculative Fiction
www.JimNichols4.com

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