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But with a rate of return of 1.6 percent or less, or a negative rate of return, our children and our grandchildren, if we do not make changes, will in fact not have a secure retirement. Indeed, they will not have the funds when they go to retire to even minimally get by. ↗
The reality is that the workforce relative to the number of people retired has shrunk and today in America there are only 3.3 working Americans paying payroll taxes to support each individual currently retired and collecting Social Security taxes. ↗
We can still find middle ground, truly secure our borders, deal with those already here and address our labor needs. But those who advocate giving current illegal aliens and future guest workers a special path to citizenship must compromise. ↗
The economic dimension is very clear. I was at a dinner party, a mother got up, who's a very distinguished scientist, and said she had to get home and help her daughter with her homework. The two waiters, their faces changed. They were working their second jobs, they couldn't get home to help their kids with homework. ↗