Hispanic payments to families back home continues to grow

AP ^ | November 24, 2003 | JONATHAN D. SALANT

[sarcasm]

More than 40 percent of adult Hispanic immigrants in the United States regularly send money to relatives in their native countries, a flow of funds totaling nearly $30 billion this year, a new study finds.

"Migration is now not only an escape valve, it is a fuel pump" to foreign economies, said a report released Monday by the Pew Hispanic Center and the Inter-American Development Bank.

[gubamyster]

ping

[sarcasm]

In Mexico, for example, 26 percent of respondents who receive payments said they were thinking about moving to the United States

[End Times Sentinel]

More than 40 percent of adult Hispanic immigrants in the United States regularly send money to relatives in their native countries, a flow of funds totaling nearly $30 billion this year...

 

Let us remember, they only drain the money out of our economy that Americans are unwilling to drain.

Owl_Eagle

”Guns Before Butter.”

[El Conservador]

If I'm gonna speak about my country, Colombia's second source of foreign income is precisely remittances from expats (my stepdad sends at least $100 monthly to his family). Same in Mexico. Can't speak confidently for other Latin American countries, but let's say Miami lives because of Miami, and not becasue of Fidel...

[El Conservador]

but let's say Miami lives because of Miami, and not becasue of Fidel...

Should read: but let's say Cuba lives because of Miami, and not becasue of Fidel...

[DH]

Well, what would you do if you had excess money due to the fact that you don't pay income tax or social security taxes and the fact that you operated on the underground cash economy while living in all the spendor the government can lavish on you while providing free food, clothing, legal support and medical treatment and medicine.

I would send money to my ancestors in England if I had some money left over from paying my "fair share" to the government so that these cockroaches can have disposable income.

[Tacis]

Thirty billin dollars stolen from the US economy with no taxes paid and no jobs created. The cost is an endless string of claims for future benefits, social security for example, for which no taxes were. Pancho will claim in broken Englise that he worked and paid taxes and should get benefits but, no, he doesn't have records and used someone else's SSA number. The cost to us of this 30 billion is medical care, education, uninsured drivers, unlicensed drivers, crime, and young blacks prevented from getting entry level jobs or the OJT that comes with entry level jobs. SEAL THE FRIGGIN BORDER!!!!

[Congressman Billybob]

I covered one aspect of this situation in my previous column, published on FreeRepublic, "Double Crossing the Rio Grande." As long as the immigrants sending back the funds are here legally, this is a good result that provides valuable assistance in lieu of foreign aid to those nations.

The problem tangentially noted in this article is that the money flow back home will encourage yet more illegal immigration, primarily across the Mexican border.

Congressman Billybob

Latest column, "False Reporting on the Medicare Vote," discussion thread. FOR A FREEPER IN CONGRESS, CLICK HERE.

[Guillermo]

Maybe if those "young blacks" showed up to work everyday...

[longtermmemmory]

it is the new face of imigration. Come to the united states and plunder whatever you can. Send it back to the old country where life is less expensive. No longer are people comming to the US to make a better life IN the USA. It is now come to the USA to take away as much as possible.

No different than the looters in the law riots screaming "free televisions!"

[arasina]

I've seen ads for U.S. banks using this as a selling point! One bank's ad says a person can just get an ATM card for their people back home to make it even easier. Last year I applied for a job at the bank where I do my business. I got an interview but I didn't get hired. They wanted someone who could speak Spanish fluently.

[FITZ]

Zero-sum economics. Instead of building their own economies, everyone demands a piece of the American pie. Parasitic economies is what they believe in.