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To: rimmont

please read posts 66 and 70.

The illegals do not send out 126 billion. The mexicans which constitute 60% of the immigrant population send out only 17 billion total.

Read the entire article.

I will also reprise post 70.

"The remittance total is for all worldwide remittances. Remittances leaving the US is almost certainly less than $51 billion and does not include remittances coming into the US. Remittances also include transfers by legal immigrants.

I derive the $51 billion top number from the article which says 60% of those are mexican who send 17 billion to mexico. If all immigrants send the same as mexico, you get 17 billion plus 0.4 times 17 billion which yields 25 billion as a reasonably guess for outflow remittances.

Add in a fudge factor of 2 to get a top line maximum and you get $50 billion as a maximum outflow from the US.


80 posted on 06/04/2005 4:47:09 PM PDT by staytrue
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To: staytrue
"Wow, $126B is a big number." Perhaps one of our resident FOQNA loons would like to have a go at explaining this one away...

Please read posts 70 and 80.

81 posted on 06/04/2005 4:48:01 PM PDT by staytrue
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