Skip to comments.CBO: Immigration Bill Will Reduce The Deficit Over The Next 20 Years
Posted on 06/19/2013 5:54:20 AM PDT by Pearls Before Swine
The Congressional Budget Office said Tuesday that the immigration bill currently being debated in the Senate would reduce the federal budget deficit by $875 billion over the first 20 years it becomes law.
The CBO said in its official scoring of the bill that it would reduce the deficit by $175 billion in its first 10 years of existence. Over the next decade, it would provide an additional $700 billion in savings.
.... Politics More: Congress Immigration Reform CBO CBO: Immigration Bill Will Reduce The Deficit Over The Next 20 Years Brett LoGiurato Jun. 18, 2013, 5:58 PM 489 6
immigration deport immigrants
AP The Congressional Budget Office said Tuesday that the immigration bill currently being debated in the Senate would reduce the federal budget deficit by $875 billion over the first 20 years it becomes law.
The CBO said in its official scoring of the bill that it would reduce the deficit by $175 billion in its first 10 years of existence. Over the next decade, it would provide an additional $700 billion of deficit reduction.
That amounts to 0.2% of GDP.
If the bill becomes law, the CBO estimated that about 10.4 million people would come to the United States as new immigrants. And it would legalize about 8 million people who currently live in the country as unauthorized immigrants.
The CBO's scoring of the bill pleased immigration reform advocates, the Senate "Gang of Eight" sponsors of the bill, and President Barack Obama.
(Excerpt) Read more at businessinsider.com ...
Now, against all evidence of what a drain illegal aliens are on our country, they tell us that wholesale amnesty will be an economic boon. If you believe this, I've got a bridge to see you.
Sorry about the sloppy pasting around the second paragraph. Read around it or go to the link.
The horse$hit has just drowned us all.
Same group that said Obamacare will not cost us...........
“Obamacare will save you money”
“Man-made global warming is really real”
“I am not a dictator”
And cold fusion works too.
And solar/wind energy will provide all our needs.
And the Obamadork actually attended all those universities.
Our country is lost.
Democrats say it.
Government departments “confirm” it.
The media reports it as fact.
The public accepts it without challenge.
I don’t give a flying FIG about how much it is projected to save in costs. THAT IS NOT what this is about. This isn’t an appropriations bill or a healthcare bill. This is about protecting a sovereign nation from illegal entry. If it IS a spending bill, where is the line item for building the fence?
And the lying dogs at the CBO also said that ObamaCare would not cost more than $900 billion so it would pass. Shortly after, they revised the figure to $1.5 TRILLION, and that too, will be too low.
The “non-partisan” CBO pushes the Big Government agenda with fake numbers to provide cover for Congress.
They'll estimate 20 trillion in deficit over the next 10 years. Then re-cook the numbers with some bill they want and get 19.2 trillion in deficit over the next 10 years. Then they'll go and claim the bill will have an 800 billion deficit reduction.
BS - we're still running a deficit. To borrow one of hussein's favorite stupidisms - this is "unsustainable." You can't run a deficit, any level of deficit, indefinitely.
I find this sentence particularly amusing:
“The CBO’s scoring of the bill pleased immigration reform advocates, the Senate “Gang of Eight” sponsors of the bill, and President Barack Obama.”
After all that’s come to light recently with the IRS and the NSA, it’s not easy to imagine some relationship between the “pleasing” and the “pleased.”
Pretty much sums it up.
I mean, it IS easy.
This, after a study that showed amnesty of the purported “11 million” (more like 25 million) illegals will ultimately cost $6 trillion.
“Wanna buy a bridge” Toll booths not included.
More lies, following Rat arm breaking inside CBO, just like with the Obamacare scoring.
Exactly. They are probably figuring in all the taxes these illegals are going to pay that we know are not going to pay but only cost us more in entitlement payouts plus the votes that they think they are going to get to bolster their base and expand their power. They are too stupid to realize that those immigrants will start electing their own and kick them to the curb.
Providing health care and social security to illegals from Central and South America is bound to save us money.
Let’s see. Immigrants will pour in who earn so little as to pay virtually no income taxes, while simultaneously consuming huge amounts of “free” government-sponsored education, welfare, Obamacare, Medicaid, Medicare, Social Security, disability, government housing, Obamaphones, etc.
Somehow, this magically cures the budget deficit. Perhaps the CBO is factoring in additional taxes received form the Tooth Fairy and Santa Claus.
And how, exactly, will amnesty curb the deficit when for the cost of a cheap fine, 20 million newly minted Democrap voters will be depending on the system???
the same people who told us that obamacare would reduce costs,, yea letting in millions who are not educated, who have welfare for their families will truly reduce the debt and be a positive for the country
Even if this were true, our congress would have it spent before the first dollar was collected.
They come to America II
Borders Wide Open Documentary Reveals Potential Amnesty Issues!! - Wake Up America
Now we *know* the con is on. This is the same crap the CBO said about ObamaCare.
Sure and the AFFORDABLE CARE ACT WAS GOING TO CUT A FAMILY OF FIVE’S MEDICAL COVERAGE BY $2500.00 PER YEAR... THOSE WERE CBO FIGURES... NOW THE CBO SAYS THAT IT WILL TAKE $20,000.00 PER YEAR FOR THE BRONZE POLICY. LIARS ALL!!!
wow, that bill must really be stalling,,now we have this bogus CBObama report with information no one should trust. Gee,,who is surprised? Anyone?
I do not know why anyone would believe what comes out of Washington anymore.
The lies start when they give a bill a name. The name never matches up with what the bill will really do if it becomes law.
And anytime they say a particular bill will save money, hold on to your wallet because what that means it is going to cost way more then they are willing to tell us.
The CBO also said the same thing about Obamacare, then changed it’s mind after it was rammed through.
Just remember there are real people at CBO putting this information together and the IRS and NSA have the same type photos as they have on Justice Roberts, mating with animals, shoplifting, keeping a nanny locked in the house, etc.
My first thought.
Milli Vanilli sings real songs.
Chaz Bono wins Mr. Olympia.
Justin Bieber shave for first time.
I ordered this DVD and it is a must see. Order this and get 4 free. Have a watching party!
Just like they figured ObamaCare would cost 900 billion except when it would cost 2.5 trillion and counting.
Welfare for the uneducated illegal masses will reduce the deficit! Don’t know whether to laugh or cry at such stupidity.
It would be great to see the actual assumptions that allows them to come to such a conclusion. I believe it would be quite revealing. The key to any analysis are the assumptions used.
In a perverse way, that's one of the most encouraging comments on the thread!
Bullcrap. The CBO was given very tight restraints on how to score it and naturally they came up with a Rat friendly number. Remember when they said that Obamacare would cost less than $1 trillion over 10 years and it rapidly ballooned to nearly triple that?
Figures lie and liars figure.
Cold fusion does work, just ask Andrea Rossi. /s
They do not factor in these two issues:
1. The number of newly legalized immigrants that will be eligible for and that sign up for welfare benefits (likely to be 7-10 million).
2. The policies that will result from a majority Democratic House, Senate, Presidency, and from the majority of states having Democratic majorities, as a result of 6-8 million new voters, 90% of those voting Democrat straight ticket.
“By fixing our broken immigration system and making sure that every worker in America is playing by the same set of rules and paying taxes like everyone else we can grow the economy, strengthen the middle class, improve our fiscal outlook and create new opportunity for Americans everywhere.”
BS. The illegally employed illegal alien is only a small fraction of the economic problem. PAYING TAXES. There’s the magic word. Paying INCREASED taxes. There’s the reality. Increased taxes to PAY FOR administering the immigration reform. Opportunity? for Americans EVERYWHERE? Opportunity for what? To pay MORE TAXES????
And we should believe them? Why?
CBO : Have their spending projections EVER been right?
Remember, Obamacare was going to come in under a trillion dollars; Trillion dollar yearly deficits were going to be halved by Obama’s 4th year
...they also said Obamacare would save us money....
Congressional Budget Office? ROTFLMAO!!! What budget, I see no budget?