Reports released by the Social Security and Medicare Boards of Trustees this week have re-focused public attention on the deteriorating financial condition of the nation’s main health and retirement programs. These reports underscore not only the severity of the current recession, but also the demographic crisis confronting the nation as the native-born population ages. The coming wave of retiring Baby Boomers reminds us of the increasingly important role that immigrants play in the U.S. economy as taxpayers, workers, consumers, and homebuyers. (May 14, 2009)
|
