Wednesday, June 22

Latinos Have a Major Stake in Social Security Debate--but not the way they think.

It absolutely disgusts me that when the media or intellectual elites want to give the token consideration to Hispanics, they go to the left wing, extremist La Raza. The National Council of La Raza (NCLR) released a report detailing the impact Social Security has on Hispanic workers and beneficiaries. I disagree mostly with their so-called findings, but I do have to agree with this quote from the article:
The report, "The Social Security Program and Reform: A Latino Perspective," reveals that while the vast majority of the U.S. Latino workforce--including native-born, lawfully-present foreign-born, and undocumented workers--are paying into the Social Security system, in many cases, they are less likely than other American workers to receive retirement benefits.
But, politics trumps true compassion and objective, evidence-based reasoning for the extreme left--specially when its the extreme La Raza left. (I even get nervous writing criticism of a search on them, and read up--its scary stuff)
On the issue of private accounts, the report states that "there are no realistic conditions under which a private account carve-out proposal would benefit Latinos, or low-income workers, to the same degree as upper-income workers."
How can they say this? When most Hispanics do not have a 401K, retirement account, or other forms of savings, private accounts would MOST benefit them! They would have a nest egg they can pass on to their children, and to rely on in their late years. Let's not confuse the "so-called-rights" of illegal immigrants. I don't mean to sound insensitive, but if illegals come in to this country to work, there is not obligation to run a welfare system for their sake. Talk about fixing the immigration problem, remove quotas for legitimate, benefital worker visas, and secure our borders. In the mean time, there is no compelling reason to bend over backwards for people that break our laws as it is. Now, I am not generalizing. There are millions of Latinos that are legal, work hard, and contribute to our society. They deserve self respect, ownership of their own hard-earned money, and a hope for their future retirement. Private accounts is the best way to do this. Just because some aspect of the law is broken does not justify doing away with the law--enforce it, fix it, and make it work the way it is supposed to work.