"Totally wrong. If each of the 12 million illegals made just 1000 dollars each per year, that is 12 billion right there. Fact is, most of them avg. 1000 dollars or more per month."
Fact is they send most of it to relatives in Mexico, how does that contribute to our economy?
When you work, you create value. If someone gets paid 5 dollars, he has done at least 5 dollars worth of value or else no one would pay him.
It does lower the trade deficit that many FReepers complain about. No, really, it does. Net Capital Outflow is equal to Net Exports. Capital flowing out raises NX and moves the trade deficit toward being balance. Besides, if illegals what to sacrifice their earnings and transfer those earnings to family in their countries of origins, the money will get repatriated and buy American goods or assets, they're only hurting themselves with such charity.