Not that Social Security was fiscally sound beforehand...but GWB, whose love for illegals knows few bounds, now has a plan to accelerate the demise of the system.
An agreement the Bush administration reached with Mexico on Social Security benefits would allow illegal aliens granted amnesty in the future to claim credit for the time they worked illegally.
The deal was reached in 2004 but never released publicly because it hasn’t been submitted to Congress.
No surprise there. As wretched as the grass-eater Pubbies were last term, they would NEVER have allowed this through.
The deal has not taken effect because Mr. Bush has not signed it or submitted it to Congress. Once he does, Congress would have 60 days to vote against it or it automatically would become law.
How much will it cost?
The GAO also disputed the Social Security Administration’s estimate that the agreement would cost $105 million a year for the first five years, saying the costs could be much higher given the uncertainty of who could benefit
So the Democrat Congress will have the final say, most likely. That'll be interesting: will Dave Obey screw his US citizen-constituent-Baby Boomers for the Mexican lobby?
This is the kind of crap you look and wonder who Georgey boy gets his advice from. I just can't believe this. And the SSA has the audacity to call it ONLY 105 million a year...as if a half billion dollars over five years couldn't be used for something better than handing off money to old Mexicans who won't even be a part of stimulating the current economy. If GW wants Mexicans here, he at least should want working Mexicans. Not those who will retire in 2 years..
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