Dear Editor:
I'm writing to add some information to Don Fleener's letter published May 20. I'm wondering how long Fleener's "several years" is from his statement "Social Security itself is good for several years." I would like to offer a reference which should open the eyes of our younger generation(s) as to the reality of their future expectations for any return for their investment from the FICA tax they have paid and are required to pay.
I refer to a May 8 CNBC article by Tom Anderson: "Social Security's in worse shape than you thought: Study". (http://www.cnbc.com/id/102659216). Quotes from the article: "The Social Security Administration projects that its trust funds will be depleted by 2033 - not an optimistic forecast. But it may be even bleaker than that. New studies from Harvard and Dartmouth researchers find that the SSA's actuarial forecasts have been consistently overstating the financial health of the program's trust funds since 2000.
"The Social Security and Medicare Trustees' 2014 report to Congress last year found trust fund reserves for both its combined retirement and disability programs will grow until 2019. Program costs are projected to exceed income in 2020 and the trust funds will be depleted by 2033 if Congress doesn't act. Once the trust funds are drained, annual revenues from payroll tax would be projected to cover only three-quarters of scheduled Social Security benefits through 2088."
All you pro-amnesty Democrat and rhino Republican voters had better rethink your support for politicians supporting granting citizenship to an unlimited number of illegal immigrants just to get their votes. These illegal immigrants will have paid nothing into the system coffers as you and I have and I would bet as soon as they receive citizenship our vote hungry politicians will give them SSA benefits. Just think, 2033 is only 18 years away and if these millions of illegals are allowed to collect on what you have invested in, how much faster do you think the trust fund will be depleted?
All you folks that are still paying FICA tax had better think real hard before voting in primaries and the general election in 2016 as to your candidates position on immigration! It could be the most important decision of yours, and your descendents lives, regarding retirement income!