On Tuesday, the Social Security and Medicare Boards of Trustees released their annual reports on the dire financial condition of the nation’s two largest social safety-net programs. Not surprisingly, the reports highlight the devastating impact that the current recession is having on both Social Security and Medicare, which are now expected to run out of money years earlier that previously forecast. The reports should also serve as a reminder of the severe demographic crisis the United States is confronting as the native-born population grows older: as the 78-million Baby Boomers retire over the next two decades, immigrants will play increasingly important roles in the U.S. economy as taxpayers, workers, consumers, and homebuyers.Read more at ImmigrationImpact.com.
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