June 20, 2013

FORTUNATELY, NO ONE IS SERIOUS ABOUT THE SECURITY SPENDING

Mi Casa Su Growth Casa : On immigration, the budget gnomes finally do some dynamic scoring. (WSJ, 6/20/13)

As the immigration debate is increasingly overtaken by the folks who want to build a "Game of Thrones" ice wall to keep out the wildlings, ironies abound. One is that quadrupling border security funding to $20 billion and doubling border patrol agents to 40,000--that's the deal GOP Senators struck Thursday--is the sort of public-works and public-employee spending binge that the tea party right would ordinarily denounce and President Obama would praise as stimulus.

Another irony is that immigration reform would be the greatest, and maybe the only, pro-growth achievement of his Presidency. More immigration benefits the economy, and the latest bearer of this reality is the Congressional Budget Office, which this week released a pair of studies on the contributions and costs of immigrants over time.

The CBO concludes in its first estimate that the Senate bill would reduce federal deficits by about $197 billion on net over the next decade and by about $700 billion including the following decade. 

Posted by at June 20, 2013 8:21 PM
  

blog comments powered by Disqus
« AMERICA DESERVES A THIRD CHANCE TO GET IT RIGHT: | Main | OUR REPUBLICAN PRESIDENT: »