August 6, 2005
Mexicans pose Social Security drain (Updated)Topics: Immigration and Border Issues
Not only do we have illegal immigrants flooding unabated across our borders and draining our health and educational resources, a new report suggests that a new agreement proposed by the Bush administration would also drain Social Security.
Allowing Mexicans who pay into U.S. Social Security to collect benefits would place a long-term drain on the system since Mexican workers are less-educated and tend to have more dependents, according to a new congressional report.
In a report released last week by the Congressional Research Service (CRS), the effects of a "totalization" agreement with Mexico were reviewed, and right now, Mexican workers who are in the United States temporarily must pay into both the U.S. and Mexican systems but cannot get U.S. benefits. "Totalization" would allow them to pay into just one system, and collect benefits based on the time they paid into the U.S. system. The Bush administration signed an agreement with Mexico in June 2004, but hasn't yet submitted it for congressional approval. The U.S. has 21 totalization agreements already, but the CRS report says Mexico's situation is different because Mexican workers have lower lifetime earnings, and may receive a higher replacement rate relative to the payroll taxes they pay, than workers with higher lifetime earnings, such as U.S. citizens and noncitizens from the totalization countries.
Update: From reader below: "Bill O'Reilly hopes to be able to deliver 1 million names of Americans on a Petition to the White House to match the 1 million illegal aliens estimated by the government to be permanently settling in the U.S. each year. In addition, it will be delivered to every member of the House and Senate."
Anyone interested can go to http://www.reformus.org">the link HERE:
Posted by Hyscience at August 6, 2005 10:25 AM
Bill O'Reilly hopes to be able to deliver 1 million names of Americans on a Petition to the White House to match the 1 million illegal aliens estimated by the government to be permanently settling in the U.S. each year. In addition, it will be delivered to every member of the House and Senate.
Anyone interested can go to the link: http://www.reformus.org
Posted by: miira at August 6, 2005 5:14 PM
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- Mexicans pose Social Security drain (Updated) - Aug 06, 2005