Posted on 07/05/2013 7:42:33 AM PDT by SeekAndFind
With the Senate having passed its version of immigration reform, the House is now preparing to act, with the outcome quite uncertain. While much of the debate and legislation is clearly a battle for future political advantage, one issue in the debate is the economic impact of the reform. In debating the economics of this issue many of the facts being used present a very distorted view of the truth by only focusing on a part of the whole picture.
The Congressional Budget Office issued a report this week analyzing an earlier version of the Senate bill. CBO estimated the legislation would reduce the federal deficit by $175 billion over the first ten years. Backers of the legislation quickly trumpeted the report as an additional reason to support the bill. However, both the context and the big picture are missing from the CBO report.
To begin to put the numbers in context, it is worth pointing out that the estimated improvement in the budget amounts to less than one-half of one percent of federal spending and somewhere around two percent of the budget deficit. In other words, while $175 billion sounds big because it is a ten year total it is really too small to be meaningful. Essentially this is rounding error.
As amendments were offered, the economic impact of the legislation changed. Since the CBO report was issued an amendment on border security has been accepted that will increase government costs, reducing the fiscal benefit by at least $30 billion. Even though the bill has now passed, there is no new CBO analysis of the final bill, so the budget impact may continue to be revised.
Also, the CBO report clearly states its numbers are based on the assumption that the legalized immigrants will receive no federal welfare benefits.
(Excerpt) Read more at forbes.com ...
They hide from us the true cost of everything.
Medicare, Medicade, AFDC. ObamaCare.
Power is manipulation, and manipulation is lying.
Does anyone doubt that Rich Democrats should pay big taxes. Since rich Repub’s are duplitious, treachous and feckless and dont even put up a good fight they should pay more as well.
I’ve never understood why we need illegal aliens to work in this country.
They are “doing jobs Americans won’t do” and all that. Well, why do we need to import millions of people to work, when we already have millions of unemployed?
Many of these jobs Americans allegedly won’t do are lower skilled type jobs. Many of our home grown unemployed have few skills. Sounds like a good match to me. Why don’t we match up some of these unemployed with no skills with the jobs that are being filled by illegals?
And why do millions on some sort of public assistance, including disability, get a pass on being required to work? We have able bodied people in the ghetto, for example, who are not doing anything productive with their lives. But for whatever reason, they decide not to work. So we import illegals.
Is it a case of jobs that Americans won’t do, or is it a case of jobs Americans refuse to do?
I’m ready to be flamed, by suggesting that unemployed ghetto youth could go work on farms. I’m sure that would offend Jesse Jackson, et. al., and bring back images of sharecroppers being cheated and all that. But I think it’s at least worth asking the questions about some of this, rather than accept as a given that we have millions, especially in our inner cities, who will never be expected to contribute to society. And at the same time, we decide that we need millions of workers from other countries to do work which native born Americans won’t do.
The CBO has about - not quite - as much integrity as a guest on the Jerry Springer Show.
I always take their estimate and multiply by one million. Usually gets you in the ballpark.
I saw a blog that asked the following question:
If Obama can violate Obamacare law to delay enforcement in healthcare, what’s to stop him from delaying implementation of (conservative) portions of the upcoming amnesty bill?
The “Full Cost” is the cost of the country.
When 20 million illegals bring in 40 million more from Mexico, why bother calling it the U.S.?
It will be the Socialist States of Alta Mexico.
How does anyone think California ended up the way it is?
It would have been nice to hear some of the Gang of Eight answer your questions.
They couldn’t allow them to be asked during debate, of course.
“They’re Hiding From You The Full Cost Of Immigration Reform”
Who wrote this headline?
The Katzenjammer Kids?
“Up the street the soldiers came marching down! :-)
It was written by someone who doesn’t realize that ‘from you’ isn’t a dangling participle.
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