Sen. Marco Rubio, R-Fla., is pushing a letter from Social Security Chief Actuary Stephen Goss purporting to show that his immigration bill will bolster Social Security finances by $4.6 trillion. It does no such thing.
What the letter does say, is that the 1 million legal immigrants who come to this country under the current system will bolster Social Security finances by $4 trillion over the next 75 years. Adopting Rubio’s plan for increased immigration would only add about $600 billion to Social Security finances over the next 75 years. That is not nearly enough to cover the program’s current $8.6 trillion hole.
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