Another 'agreement' comin' atcha . .
(How many more of these will it take to get the job done right?)
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The Social Security Administration (SSA) estimates that a totalization agreement with Mexico would:
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Result in 50,000 additional Mexicans qualifying for social security benefits during the first five years;
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Cost the U.S. social security system $525 million over the first five years;
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Cost $650 million per year by 2050;
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Have a "negligible long-range effect" on the Social Security Trust Fund; and
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Save 3,000 U.S. workers and their employers about $140 million in Mexican social security and health insurance taxes over the first five years of the agreement
>"...Cost the U.S. Social Security system $525 million over the first five years; Cost $650 million per year by 2050..."
yes...Further increasing the Social Security debt will only help to bankrupt it sooner. Another reason for me to leave the Republican party.
5 years of Republicans controlling all three branches of the Federal govt, and this is what we get:
Same ol' status quo of IRS, continued progressive income taxes; a bigger and bigger federal government, a huge deficit, increased spending for every alphabet soup federal agency, and now: giving away Social Security benefits to millions of Mexicans, so they can return to Mexico, and retire on U.S Social Security benefits, on the backs of U.S. citizens.
GOODBYE to the Republican party. You will not get one more dime of support from me...EVER.
We've already added a lot of India's employees to our Social Security rolls. Looks like we are heading to a one world government! Now that we have CAFTA, I'm sure those countries will be in line for our social security too.
If this isn't treason, I'd like to know what it.