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Social SecurityThe Motley Fool
•79% Informative
Social Security is facing a $23.2 trillion long-term funding shortfall, says David Gergen .
Gergen : Social Security's financial foundation is shaky, but program is in no danger of becoming insolvent or going bankrupt.
He says immigration is one of the key factors in program's financial success is that it requires a steady stream of legal migrants entering the U.S. Gergen says.
Immigration is undeniably a problem for Social Security .
The real issue is that not enough legal migrants are entering the U.S. to boost payroll tax collection and the worker-to-beneficiary ratio.
Undocumented workers are responsible for about 1% of the revenue Social Security collects, yet aren't entitled to benefits.
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