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To: Luis Gonzalez
These supposed "costs" that you all keep coming up with seem to be impacting the economy in a positive manner, with the added benefit of keeping the SS system viable.

You don't understand how SS works. It is a pay as you go system. Any "surplus" in terms of revenue versus payments is used for other purposes and an IOU placed in the SSTF, which is part of the national debt and considered "intragovernmental holdings." Starting in FY 2008, the "surplus" starts declining and in 2017 we will be paying out more than is coming in. We will have to borrow real money to redeem the phony non-market T-bills in the SSTF.

The costs of illegals are being borne by the hospitals, educational system, penal system, and social welfare system. The cheap, exploited labor serves to depress wages at the lower end of the economic scale for American citizens. Over the past six years, the median household income has declined

Who is the Cheap Labor Lobby?

560 posted on 12/04/2006 9:19:42 PM PST by kabar
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To: kabar

The median household income in 1950 was $3,800/year.

That translates to $33,166 in 2004, a touch more in 2006.

A Philco television set cost $199, or roughly 5% of a year's income. I can get a 32" digital TV today for $299, or less than 1% of those $33,166.

With the possible exception of housing (and th average size of the homes in tyhe US has increased since the 1950's), our wages buy much more today than they did then.

As far as understanding how SS works, I quoted government sources.


561 posted on 12/04/2006 9:31:58 PM PST by Luis Gonzalez (Some people see the world as they would want it to be, effective people see the world as it is.)
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To: kabar
BTW...California (the State with the highest number of illegal aliens) has seen a drop in real wages for high school dropouts (the segment of the native population competing for jobs with illegal aliens) of 17% from 1980 to 2004. Yet, the same class of workers in relatively illegal alien-free Ohio saw a 31% drop during the same period of time.

Then again, if you're a high school dropout in this economy, competition from illegal aliens is the least of your problems.

563 posted on 12/04/2006 9:41:15 PM PST by Luis Gonzalez (Some people see the world as they would want it to be, effective people see the world as it is.)
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