It never had, of course. America's growth and prosperity have been fueled by immigration since the nation's inception.
What are your proposals for, e.g., funding Social Security?
As Motley Fool recently reported, Social Security’s problem isn’t that too many undocumented immigrants are crossing into the U.S. and draining the system. Instead, it’s that net-legal immigration has been in decline for the past 25 years — and payroll taxes from those immigrants have declined as well.
According to a recent analysis from the nonpartisan Congressional Budget Office (CBO), the balance in the SSA’s Old-Age and Survivors Insurance Trust Fund – which helps fund retirement benefits — will be depleted by 2033. When that happens, you can expect a big reduction in monthly Social Security payments – as much as 23%, according to some estimates.
These kinds of scenarios are based on data compiled by the Social Security Board of Trustees, which tracks employment and other trends. Intermediate cost models in the 2022 Trustees Report are based on average annual total net immigration of 1,246,000 people, Motley Fool reported. However, that figure does not align with recent trends. Between July 1, 2012, and June 30, 2017, fewer than 955,000 total net migrants entered the U.S. per year, according to data from the World Bank.
If net migration into the U.S. continues to hold steady or decline even further, it’s “all but a certainty” that Social Security’s funding shortfall will increase, according to Motley Fool...
[F]ocus centering on... illegal immigrants coming into the country... misses an important point: Immigrants without legal status often pay into Social Security but don’t get to claim benefits when they retire, MarketWatch reported.
What’s more, illegal immigrants who pay into Social Security also don’t qualify for the program’s other protections, including long-term disability and survivor insurance protection. The result is a net gain for Social Security, which is something the program can sorely use right now, experts say.