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CBO: Amnesty Will Cut Deficit, Boost Economy

From a cheering Reuters:

Senate immigration bill to aid economy, budget office says

By Thomas Ferraro and Richard Cowan | June 18, 2013

WASHINGTON (Reuters) – A White House-backed bill to overhaul the U.S. immigration system got a boost on Tuesday when the non-partisan Congressional Budget Office concluded that the measure would cut federal budget deficits and boost the U.S. economy…

According to the CBO, which assesses the cost and economic impact of legislation pending in Congress, the Senate bill would "boost economic output" and significantly reduce federal budget deficits over the next 20 years…

It seems to me that we have heard that song before. (Obama-Care. Medicare.)

One outspoken critic of the Senate immigration bill, Republican Senator Jeff Sessions of Alabama, attacked the CBO findings, however, saying they failed to take into account longer-term costs related to the 11 million becoming legal residents and eventually qualifying for "Medicaid, food stamps and cash welfare." …

In other words, the CBO says that legalizing all of these illegals won’t add to the deficit as long as you pretend they won’t ever get any government benefits. Which is a joke, since they probably won’t even be a wait to qualify for benefits.

The Democrats are demanding that these newly legalized illegals get the full panoply of government benefits, including Obama-Care and welfare. And, even if that doesn’t make it into the final law, a judge will be found who will declare that it would be unconstitutional to do otherwise.

For the record, a Heritage Foundation study released last month found that amnesty will cost taxpayers $6.3 trillion. And they even assume that these newly legalized illegals will have to wait to receive benefits.

And the Heritage Foundation has a far better track  record for accuracy than the CBO ever has. (Cf. Obama-Care, Medicare, etc.)

This article was posted by Steve on Wednesday, June 19th, 2013. Comments are currently closed.

4 Responses to “CBO: Amnesty Will Cut Deficit, Boost Economy”

  1. GetBackJack says:

    I can’t muster the anger anymore. I’m worn out.

  2. Petronius says:

    If it were really true that more people meant more prosperity, then Bangladesh would be Utopia and the streets of Calcutta would be paved with gold.

    There have been some immigration success stories, but much depends on the time, place, conditions, and quality of the immigrants themselves.

    In 1770, Catherine the Great of Russia invited the Mennonites to immigrate from Germany to occupy the Steppes, offering them land and exemption from military service. She recognized their value as industrious farmers and peaceful, self-reliant citizens. The Mennonites for their part were ready to abandon Germany where they were persecuted for their religion. It was a win-win situation for both parties.

    The Mennonites populated the Steppes and turned the region into the breadbasket of Russia. They prospered there until 1930, when Stalin deported the men to slave labor camps and collectivized their farms.

    Perhaps the day has come when we should rip up the asphalt and concrete that was once Detroit and offer the land to Mennonites for farming. If only there were enough Mennonites still left to go around.

  3. GetBackJack says:

    Oh yes. There are Mennonites galore. Out here the two most successful hay/grass/alfalfa outfits are both Mennonite. And they are a – excuse the oblique reference – fertile people (h/t Jeb Bush). Plenty of young Mennonites to carry on Tradition.

    Tevye – Tradition!

    Great idea, Dr. P

    OTOH, no one but a Confederate remembers European male immigrants getting off the ships in NYC, “Welcome to America. You’ve joined the Union Army” and were handed ill fitting uniforms and either a Lorenz or an Enfield rifle and told where next to muster. Press ganged I believe the term is.

  4. BannedbytheTaliban says:

    The CBO uses some pie-in-the-sky math on this one. They claim, over the next 10 years, the 10 million newly legalized immigrants will pay $459 billion in taxes. Assuming 100% work force participation, which would mean each new immigrant, would pay roughly $4,600/yr in taxes. But since we don’t live in a perfect world and have only 60% work force participation that would mean each that has a job would have to pay roughly $7,700/yr in taxes (4600/0.6). Then if you take into account that 47% of ‘tax payers’ get more money back than they pay in, that would mean each would then be responsible for $14,500/yr in taxes (7700/0.53). Assuming an average effective federal tax rate of 12%, which would mean the average new immigrant, would be making roughly $120,000/yr. No wonder so many people want to come to ‘merica. Then again, I don’t know why I ever bother; the CBO just makes this stuff up out of whole cloth. They could say gold would rain down on us like manna from heaven and be just as accurate.

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