They’ve done it, I tell you. They’ve actually done it. Our elected representatives have managed to carve out 800,000 humans living illegally in USA and pit them against my retirement savings. In the interest of clarity, I write specifically about the stand off over DACA, and holding the federal budget hostage if a “clean” DACA bill is not passed into law. Genius!
It is sheer malignant genius to ring-fence a small group of non-citizens and place them in the middle of an unnecessary fight, especially when a super majority of US citizens clearly and unambiguously wish to grant them leave to stay, provide a clear and legal path to citizenship.
Please don’t get me wrong, I am one of those US citizens who completely support providing dreamers leave to stay in Americashire and an unambiguous path to citizenship. However, we can protect the dreamers, my re-built retirement savings and ensure financial security for those who are most immediately and dramatically affected by a partial shut down: members of the armed services.
I believe I have a broad view and freely admit to having a very personal, tunnel-vision view of this specific issue and its ramifications.
My investments, IRA are doing just fine, thank you. They’re doing better now than in previous 8 years!
I am not a Trump or Obama hater or lover. I am a US citizen simply attempting to recapture some of the capital I lost during the ‘great recession’.
Much of that lost financial ground has been re-gained and I’m scrambling to protect my recovered treasure anticipating a financial hit now that our elected representatives have pushed our government into a partial shutdown.
As per a 2016 Financial Times report, 55% of US households have retirement savings accounts, and that excludes social security (now being referred to as an entitlement. Dear US government, just return my total contributions, thank you.).
According to the U.S. Census Bureau, there were in 2016 approximately 125.82 million households. If the Financial Times report cited above is anywhere near accurate, that translates to 69.2 million households that have retirement savings accounts.
Again, and according to the U.S. Census Bureau, the average number of people per household in 2016 was 2.53 and, therefore, 175,078,530 American citizens will potentially take it on the financial chin should this unnecessary stand off negatively impact our economy.
There are those who would hold hostage the workings of our government and yet again threaten my retirement investments to protect 800,000 non-US citizens living in USA. Keeping all of our government funded and addressing dreamers are not mutually exclusive.
We do need to shore up our borders, implement and enforce a working immigration policy that ensures we do not, as is our government’s tendency, leave open the possibility that yet another pool of dreamers is made possible.
Yes, it is malignant genius to ring fence and pit 800,000 illegal immigrants albeit dreamers against 175,078.530 US citizens whose retirement savings accounts face a potentially negative hit due to uncertainty a partial government shut down might cause.
One of a few silver linings to this dark cloud is that I do not believe those whose paychecks will very unfortunately arrive late and retirement savings might be negatively impacted by this partial shut down will change their mind about providing dreamers leave to stay and a clear path to citizenship.
Once the budget dust settles I do very much hope and invite the 800,000 dreamers to join the 175,078,530 US citizens whose retirement accounts yet again face uncertainty to kick our sad-sack legislators in the teeth.
Let us enact a pathway to citizenship for dreamers, responsible immigration law, and keep our government running, our economy moving forward.