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ericdubay
Adorable Pussycat

Registered: Jul 2007
Location:
Posts: 32
Bush's Plan to Bankrupt Social Security

Bush's Plan to Bankrupt Social Security

The Social Security system has been a safety net for the middle class since the Great Depression of the 1930s. Now, President George W. Bush is trying to burden it with incredible costs by giving millions of illegal aliens Social Security benefits to which they are not entitled. This so-called "Totalization" plan would bankrupt the system just as our baby-boom generation retires. A 2003 Government Accountability Office (GAO) report warned that the cost to U.S. taxpayers is likely to be vastly higher than official estimates.

Bush made this secret plan with Mexico in June 2004, and we know about it now because of a Freedom of Information lawsuit filed by TREA Senior Citizens League, a million-member seniors advocacy group.

Senator John Ensign (R-NV) and Rep. Barbara Cubin (R-WY) have introduced a bill to require Totalization agreements to be treated like bilateral trade agreements, and go into effect only if affirmatively passed by both Houses of Congress. Unless this bill passes, the Totalization agreement will automatically become law without congressional action.

Totalization is part and parcel of the Council on Foreign Relations five-year plan for the "establishment by 2010 of a North American economic and security community" with a common "outer security perimeter." The 59-page CFR document (which can claim Bush Administration approval because it is posted on a U.S. State Department website) demands that we "implement the Social Security Totalization Agreement negotiated between the United States and Mexico."

Totalization would allow millions of illegal Mexican workers to collect U.S. benefits based on their U.S earnings under false or stolen Social Security numbers plus virtual earnings in Mexico. American citizens must work ten years to be eligible for Social Security benefits, but the Totalization agreement would allow Mexicans to qualify with only 18 months of work in the United States, and pretend to make up the difference by assuming work and tax payments in Mexico.

The United States has totalization agreements with 21 other countries in order to assure a pension to those few individuals who work in two countries (legally, of course) by "totalizing" their payments into the pension systems of both countries. All existing totalization agreements are with industrialized nations whose retirement systems are on a parity with ours.

Mexican retirement benefits are not remotely equal to U.S. benefits. Americans receive benefits after working for 10 years, but Mexicans have to work 24 years before receiving any benefits. Mexican workers receive back in retirement only what they actually paid in plus interest, whereas the U.S. Social Security system is skewed to give lower-wage earners benefits greatly in excess of what they and their employers contributed.

Mexico has two different retirement programs, one for public-sector employees, which is draining the national treasury, and one for private-sector workers, which covers only 40% of the workforce. Most of the Mexicans who illegally entered the United States previously lived in poverty, where they were unemployed, or worked in the off-the-record economy, or worked for employers who did not pay taxes into a retirement system.

The Bush totalization plan would lure even more Mexicans into the United States illegally in the hope of amnesty and eligibility for Social Security benefits for themselves, as well as for their spouses and dependents who may never have lived in the United States.

Learn about the North American Union: www.amerocurrency.com

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Old Post 08-09-2007 07:11 AM
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Freezee
Iconic whining redneck

Registered: Jul 2007
Location: Alaska
Posts: 282

Speaking of Social Security, I received my first SS statement in the mail last week. It says that I now qualify for benefits. How is that determined? Is it because I earned a certain dollar amount, or put in a certain amount? Or does it mean that I'm just...... old?

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Old Post 08-09-2007 10:33 AM
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FuhQall
High Flyer

Registered: Apr 2002
Location: At Home
Posts: 8349

Old, and if that wasn't bad enough for your self-esteem, you now qualify to become a socially draining degenerate.

Imagine having qualified to become a degenerate, you should have access to the pot before you pay enough into it, kind of defeats the purpose.

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Old Post 08-09-2007 10:44 AM
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Freezee
Iconic whining redneck

Registered: Jul 2007
Location: Alaska
Posts: 282

hmm. Sounds tempting.

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Old Post 08-09-2007 10:52 AM
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Trenchant_Troll
ad hominid

Registered: Mar 2004
Location: USA
Posts: 44684

Yeah, Social Security was on a really sound footing before Bush took office. That bastard.

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Old Post 08-09-2007 03:56 PM
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Talarohk
Quaffmaster

Registered: Feb 2003
Location: Vista, CA
Posts: 5545

In my current job, I pay into CalSTRS, the California state teachers' retirement system, instead of social security. I hadn't paid enough into Social Security to qualify for benefits before I took this job, and so--assuming I keep this job--I will never receive Social Security. But that's OK, since CalSTRS is something like 99% solvent against future obligations, and so I will hopefully get my pension even in Social Security collapses.

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Old Post 08-09-2007 04:13 PM
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Trenchant_Troll
ad hominid

Registered: Mar 2004
Location: USA
Posts: 44684

Not if they find those bodies buried in your backyard.

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Old Post 08-09-2007 05:54 PM
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Cruise Director
nobody special

Registered: Jan 2001
Location: Zion
Posts: 5016

quote:
Originally posted by Freezee
Speaking of Social Security, I received my first SS statement in the mail last week. It says that I now qualify for benefits. How is that determined? Is it because I earned a certain dollar amount, or put in a certain amount? Or does it mean that I'm just...... old?


I believe it is based on longevity of paying in to the fund. You have to work so many "quarters" to get benefits. The amount you can receive is based on what you have earned and paid in.

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Old Post 08-09-2007 06:10 PM
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