"U.S. Social Security Ties with Mexico is Bad for America"
Insight Magazine has a roundup of the latest Bush giveaway:
Those in Congress who really want to protect Social Security should put some action behind their bluster. They should add language to the Labor-Health-Education Appropriations bill prohibiting funds from being spent to carry out an expensive Social Security giveaway to Mexico...
U.S. Social Security Commissioner Jo Anne Barnhart signed an agreement June 29 that will allow Mexicans who have worked in the United States, their dependents and survivors to tap into Social Security.
This could spell trouble for American seniors and for baby boomers as they approach retirement.
To hear proponents tell it, this agreement is all about saving some 3,000 U.S. workers and their employers an estimated $140 million on taxes over five years. But actually, American taxpayers could be out hundreds of billions of dollars over coming years...
UPDATE: See also the somewhat related story "Bush's agenda could top $3 trillion" concerning the cost of all that "compassion."