Giving away Social Security

los americanos del norte locos

Hey Juan - ¿Conjeture lo que ahora están haciendo los americanos del norte locos? In none of the reports I've so far read (this and this) is it revealed who initiated the Social Security Agreement With Mexico that was signed by the Commissioner of Social Security.  Once President Bush approves the agreement, which would be done without Congressional vote, either House of Congress would have 60 days to disapprove the agreement by voting to reject it. For example, a worker who turns 62 after 1990 generally needs 40 calendar quarters of coverage to receive retirement benefits. Under the cross-country agreements, workers can combine earnings from both countries in order to qualify for benefits in the U.S. The agreements generally provide that workers need only 18 months of coverage in the U.S. to qualify. The real kicker is that these Mexicans do not have to be legal in order to draw payment form our SSA.  It took three years of effort for a group called TREA Senior Citizens League, using the FOIA, to get the details of this agreement.  An analysis of the plan by the Center for Immigration Studies noted that at the end of 2003, the Social Security System owed retirees and current workers benefits valued at $14 trillion, with assets of only $3.5 trillion. "Ominously, these assets include not only the trust fund's current reserves ($1.4 trillion), but also the present value of the taxes that current workers will pay for the rest of their working lives ($2.1 trillion)," the organization said. This seems to be a no brainer to me.  If the President signs the act, and I can't believe he would, but if he does it's cause for impeachment. I still want to know who is ultimately responsible for it getting this far, the identity of that person who one day said, "Hey, I have an idea."  That guy, whoever it is,  should be  tarred, feathered and driven out of Dodge on a rail.