Return of the Great Social Security Giveaway by Rep. Ron Paul


Return of the Great Social Security Giveaway
by Rep. Ron Paul, MD
by Rep. Ron Paul, MD

Last year around this time I wrote about a serious threat to Social
Security that was moving ever closer – a threat so great that it
could truly break the bank of our already dangerously fragile Social
Security system. The threat is the ongoing "totalization"
negotiations between the US and Mexican governments. An agreement on
"totalization" would make hundreds of thousands of Mexican citizens
eligible for American Social Security. Press reports just last month
reminded us that these talks are continuing and will likely be
completed this year.

As I wrote last year, under such a "totalization" agreement, even if
a Mexican citizen did not work in the United States long enough to
qualify for Social Security, the number of years worked in Mexico
would be added to bring up the total and thus make the Mexican
worker eligible for cash transfers from the United States. To
qualify for American Social Security, a Mexican citizen would need
to work in the US as short as just 18 months!

Totalization is nothing new. The first such agreements were made in
the late 1970s between the United States and several foreign
governments to help American citizens who were sent abroad by their
companies. From there we have come, nearly 30 years later, to the
point where an estimated 160,000 Mexican citizens would be eligible
for US Social Security in the next five years.

Ultimately, the bill for Mexicans working legally in the US could
reach one billion dollars by 2050, when the estimated Mexican
beneficiaries could reach 300,000. Worse still, an estimated five
million Mexicans working illegally in the United States could be
eligible for the program. According to press reports, a provision in
the Social Security Act allows illegal immigrants to receive Social
Security benefits if the United States and another country have a
totalization agreement.

Those in favor of sending US Social Security benefits to Mexican
citizens argue that the crushing poverty in Mexico demands some form
of US assistance to that country's aged.

January 6, 2004
Dr. Ron Paul is a Republican member of Congress from Texas.
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The above article shows that the Liberals want to save the world by giving our social security funds to illegal Mexican workers. The Liberals feel that we should now be responsible for the "poor and old people in Mexico"

To qualify for American Social Security, a illegal Mexican citizen would need
to work in the United States just 18 months! How about that, a real US citizen will need to work 10 years to qualify for Social Security.

With the additional financial drain on Social Security one wonders where the funds will come from to pay for this plan. Maybe the government will lower the benefits that will be paid out or the fund will just go bankrupt.