Skip to main content

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.


Popular posts from this blog

Hispanic Trending: Leave your name at the border

Most people miss the fact that Hispanics do not consist of a single ethnic group. Besides that, the heritage that each one of the many nationalities represented in our immigrant population is diverse in itself. As I read Manuel Muñoz's post on his assimilation experience, I can tell you mine was nothing like his. But I can relate to this paragraph. My niece's name is Katie Belle (Sierra). It's intriguing to watch "American" names begin to dominate among my nieces and nephews and second cousins, as well as with the children of my hometown friends. I am not surprised to meet 5-year-old Brandon or Kaitlyn. Hardly anyone questions the incongruity of matching these names with last names like Trujillo or Zepeda. The English-only way of life partly explains the quiet erasure of cultural difference that assimilation has attempted to accomplish. A name like Kaitlyn Zepeda doesn't completely obscure her ethnicity, but the half-step of her nam…

Communism: Good Money for the "El Viejo"

I guess Fidel Castro is doing ok. Forbes lists Castro as one of the richest in the world, right up there with the Queen of England. I bet he didn't like the attention. It was hard to figure it out, but it seems they managed to throw some numbers together.
In the past, we have relied on a percentage of Cuba's gross domestic product to estimate Fidel Castro's fortune. This year we have used more traditional valuation methods, comparing state-owned assets Castro is assumed to control with comparable publicly traded companies. A reasonable discount was then applied to compensate for the obvious disclosure issues.

RealClearPolitics: The Democrats Dither on Trade

The backtracking on free trade in South America has been among the frustrating news for me coming out of the beltway. Considering how the economic downturns in Latin America affect us through the increase in illegal immigration, I would think more Americans would be fighting for this one as loudly as they fought for the failed Immigration legislation. Democratic presidential candidates like to talk about "turning a page" in America's relations with the rest of the world. But what does that mean, in practical terms, on bread-and-butter issues such as trade? Are today's Democrats a party of open markets and economic development, or of market restrictions and job protection?The answer is that leading Democrats seem to want both -- they favor economic development overseas but not at the cost of U.S. jobs. That sounds like a coherent position until you begin to look carefully at the political choices in Latin America, a part of the world where …