[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

America Erupts… ICE Raids Takeover The Streets

AC/DC- Riff Raff + Go Down [VH1 Uncut, July 5, 1996]

Why is Peter Schiff calling Bitcoin a ‘giant cult’ and how does this impact market sentiment?

Esso Your Butt Buddy Horseshit jacks off to that shit

"The Addled Activist Mind"

"Don’t Stop with Harvard"

"Does the Biden Cover-Up Have Two Layers?"

"Pete Rose, 'Shoeless' Joe Reinstated by MLB, Eligible for HOF"

"'Major Breakthrough': Here Are the Details on the China Trade Deal"

Freepers Still Love war

Parody ... Jump / Trump --- van Halen jump

"The Democrat Meltdown Continues"

"Yes, We Need Deportations Without Due Process"

"Trump's Tariff Play Smart, Strategic, Working"

"Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. Here Are Receipts"

"Trump Administration Freezes $2 Billion After Harvard Refuses to Meet Demands"on After Harvard Refuses to Meet Demands

"Doctors Committing Insurance Fraud to Conceal Trans Procedures, Texas Children’s Whistleblower Testifies"

"Left Using '8647' Symbol for Violence Against Trump, Musk"

KawasakiÂ’s new rideable robohorse is straight out of a sci-fi novel

"Trade should work for America, not rule it"

"The Stakes Couldn’t Be Higher in Wisconsin’s Supreme Court Race – What’s at Risk for the GOP"

"How Trump caught big-government fans in their own trap"

‘Are You Prepared for Violence?’

Greek Orthodox Archbishop gives President Trump a Cross, tells him "Make America Invincible"

"Trump signs executive order eliminating the Department of Education!!!"

"If AOC Is the Democratic Future, the Party Is Even Worse Off Than We Think"

"Ending EPA Overreach"

Closest Look Ever at How Pyramids Were Built

Moment the SpaceX crew Meets Stranded ISS Crew

The Exodus Pharaoh EXPLAINED!

Did the Israelites Really Cross the Red Sea? Stunning Evidence of the Location of Red Sea Crossing!

Are we experiencing a Triumph of Orthodoxy?

Judge Napolitano with Konstantin Malofeev (Moscow, Russia)

"Trump Administration Cancels Most USAID Programs, Folds Others into State Department"

Introducing Manus: The General AI Agent

"Chinese Spies in Our Military? Straight to Jail"

Any suggestion that the USA and NATO are "Helping" or have ever helped Ukraine needs to be shot down instantly

"Real problem with the Palestinians: Nobody wants them"

ACDC & The Rolling Stones - Rock Me Baby

Magnus Carlsen gives a London System lesson!

"The Democrats Are Suffering Through a Drought of Generational Talent"

7 Tactics Of The Enemy To Weaken Your Faith

Strange And Biblical Events Are Happening

Every year ... BusiesT casino gambling day -- in Las Vegas

Trump’s DOGE Plan Is Legally Untouchable—Elon Musk Holds the Scalpel

Palestinians: What do you think of the Trump plan for Gaza?

What Happens Inside Gaza’s Secret Tunnels? | Unpacked

Hamas Torture Bodycam Footage: "These Monsters Filmed it All" | IDF Warfighter Doron Keidar, Ep. 225

EXPOSED: The Dark Truth About the Hostages in Gaza

New Task Force Ready To Expose Dark Secrets


Status: Not Logged In; Sign In

Mexican Invasion
See other Mexican Invasion Articles

Title: Feds Hide Social Security Deal With Mexico
Source: newsmax.com
URL Source: http://www.newsmax.com/archives/articles/2006/7/2/214834.shtml?s=lh
Published: Jul 4, 2006
Author: Dave Eberhart
Post Date: 2006-07-04 00:46:10 by A K A Stone
Keywords: None
Views: 316

WASHINGTON -- "We might be on the cusp of giving billions of dollars worth of our senior's Social Security money to illegal Mexican workers, and it's getting almost no media attention whatsoever," warned Brad Phillips, a spokesman for TREA Senior Citizens League, one of the nation's largest nonpartisan seniors groups with 1.2 million members.

TREA Senior Citizens League filed a Freedom of Information Act (FOIA) lawsuit in U.S. District Court Thursday morning - after what the group styled as "numerous refusals over three years by the U.S. Department of State and Social Security Administration to provide a draft of - or virtually any pertinent information regarding - the impact of the Totalization Agreement with Mexico on the U.S. Social Security Trust Fund."

The Totalization Agreement could allow millions of illegal Mexican workers to draw billions of dollars from the U.S. Social Security Trust Fund. The agreement between the U.S. and Mexico was signed in June 2004, and is awaiting President Bush's signature.

"President Bush has expressed his support for this Agreement, and we believe that regardless of the current immigration debate, his most likely window for signing it is immediately after the 2006 midterm elections when no one is looking," TREA spokesman Brad Phillips told NewsMax.

Once President Bush approves the agreement, which would be done without congressional vote, either house would have 60 days to disapprove the agreement by voting to reject it.

"We are outraged that our government won't tell us how much they plan to take out of the Social Security Trust Fund to pay for the Totalization Agreement with Mexico, and we want to know what they're hiding," said Ralph McCutchen, Chairman of the TREA Senior Citizens League.

"Our 1.2 million elderly members didn't play by the rules and sacrifice through two World Wars so we could fund millions of workers who crossed the border and decided to work here illegally," McCutchen added.

Story Continues Below

Under the Totalization Agreement, millions of illegal Mexicans working in the United States today could claim benefits from the Social Security Trust Fund for work performed while in the United States illegally. They could do so through immigration amnesty, through which they could claim past Social Security payments for illegal work.

They could also potentially return to Mexico and claim credits for illegal work in the U.S., or claim payments through other as yet undisclosed methods.

The U.S. currently has 21 similar agreements in effect with other nations, which are intended to eliminate dual taxation for persons who work outside their country of origin. All of the agreements are with developed nations with economies similar to that of the U.S.

For example, a worker who turns 62 after 1990 generally needs 40 calendar quarters of coverage to receive retirement benefits. Under Totalization agreements, a partial benefit can be paid based on the proportion of the worker's total career completed in the paying country.

Latest GOP Amnesty Scam Silver Prices Must Go Up Due To The Shortage Of Silver! Christian Persecution still exists today! Can Pheromones Fix Your Relationship?

The agreements allow the Social Security Administration to "totalize" U.S. and foreign credits if the worker has just six quarters, or 18 months, of U.S. coverage.

But, according to TREA, Mexico's retirement system is radically different - since only 40 percent of non-government workers participate, as opposed to 96 percent of America's workers. In addition, the U.S. system is progressive, meaning lower wage earners get back much more than they put in.

Contrast Mexico, where workers get back only what they put in, plus accrued interest.

"The Social Security Trust Fund should be for Americans in their retirement years. I vigorously oppose a Totalization Agreement with Mexico, which would allow millions of illegal Mexicans to access those funds," said Rep. Virgil Goode, R-Va.

"The Social Security Administration and State Department should provide TREA Senior Citizens League with the information they are requesting on behalf of seniors. I support a resolution to disapprove Totalization with Mexico if and when the President signs off on this bad deal," Goode added.

According to TREA, the original FOIA request, filed in August 2003, as well as all subsequent requests, demanded a copy of the actual agreement, as well as other relevant documents, including those showing the financial impact the Totalization Agreement with Mexico would have on the U.S. Social Security Trust Fund and on America's senior citizens.

Despite numerous attempts to ascertain such information, the State Department and Social Security Administration steadfastly refused to provide virtually any relevant documents, explained TREA Senior Citizens League spokesperson Brad Phillips.

"Any Social Security exchange with Mexico will cost Americans a king's ransom," said Marti Dinerstein, Fellow with the independent, nonpartisan Center for Immigration Studies. "We should apologize to Mexico for leading them on and get out of this terrible deal."

The Social Security Administration's Office of the Chief Actuary has estimated that a totalization agreement with Mexico would cost the U.S. $78 million in the first year, growing to $650 million (in constant 2002 dollars) by 2050.

That determination, however, assumed that the initial number of newly eligible Mexican recipients would be equal to the 50,000 beneficiaries then living in Mexico, and that the eligible number would grow to only 300,000 over the next 48 years.

The Government Accountability Office has opined that the SSA is too conservative in its projections of costs.

"[T]his proxy figure does not directly consider the estimated millions of current and former unauthorized workers and family members from Mexico and appears small in comparison with those estimates," determined the watchdog agency.

According to the Social Security Administration, the Social Security Trust Fund will begin paying out more than it is taking in by 2017, and will be exhausted by the year 2040.

TREA Senior Citizens League says its general mission is "to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for."

AARP spokesperson, Nancy Thompson, told NewsMax her organization "has no position" on the social security totalization treaty with Mexico.


Poster Comment:

I was at a family function recently. Someone there actually said that it was congresses fault. That it wasn't Bush's fault because he didn't have the line item veto and he couldn't veto it. lol

Post Comment   Private Reply   Ignore Thread  


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com