Ten Reasons Why Immigration Reform Is Important To Our Fiscal Health
All eyes in Washington these days are on the new congressional super committee. The 12 members from both parties in both chambers of Congress have been assigned the task of developing a plan to reduce the federal deficit by $1.5 trillion over the next decade or risk setting off deficit-cutting triggers that will force sharp cuts to both defense and domestic spending.
There are many ways the members of this committee can reach the $1.5 trillion target between now and their Thanksgiving week deadline. We at the Center for American Progress understand that comprehensive immigration reform is not among the deficit reduction options on the table but want to urge the super committee to consider it. Comprehensive immigration reform is one key to boosting economic growth and thus helping to solve our nation’s fiscal problems.
Here are the top 10 reasons why immigration reform, or the lack thereof, affects our economy.
Additions to the U.S. economy
1. $1.5 trillion—The amount of money that would be added to America’s cumulative gross domestic product—the largest measure of economic growth—over 10 years with a comprehensive immigration reform plan that includes legalization for all undocumented immigrants currently living in the United States.
2. 3.4 percent—The potential GDP growth rate over the past two years if comprehensive immigration reform had gone into effect two years ago, in mid-2009. (see Figure 1)
3. 309,000—The number of jobs that would have been gained if comprehensive immigration reform had gone into effect two years ago, in mid-2009. A GDP growth rate of 0.2 percent above the actual growth rate translates into, based on the relationship between economic growth and unemployment, a decrease in unemployment by 0.1 percent, or 154,400 jobs, per year.
4. $4.5 billion to $5.4 billion—The amount of additional net tax revenue that would accrue to the federal government over three years if all undocumented immigrants currently living in the United States were legalized.
Revenue generated by immigrants
5. $4.2 trillion—The amount of revenue generated by Fortune 500 companies founded by immigrants and their children, representing 40 percent of all Fortune 500 companies.
6. $67 billion—The amount of money that immigrant business owners generated in the 2000 census, 12 percent of all business income. In addition, engineering and technology companies with at least one key immigrant founder generated $52 billion between 1995 and 2005 and created roughly 450,000 jobs.
Taxes generated by immigrants
7. $11.2 billion—The amount of tax revenue that states alone collected from undocumented immigrants in 2010.
Negative consequences of mass deportation
8. $2.6 trillion—The amount of money that would evaporate from cumulative U.S. GDP over 10 years if all undocumented immigrants in the country were deported.
9. 618,000—The number of jobs that would have been lost had a program of mass deportation gone into effect two years ago, in mid-2009. A mass deportation program would have caused GDP to decrease by 0.5 percent per year, which, based on the relationship between economic growth and unemployment, translates to an increase in unemployment by 0.2 percent, or 309,000 jobs, per year.
10. $285 billion—The amount of money it would cost to deport all undocumented immigrants in the United States over five years.
The upshot
Most Americans and their elected representatives in Congress would be pleasantly surprised to learn about the substantial benefits of comprehensive immigration reform to our nation’s broad-based economic growth and prosperity, and thus our ability to reduce our federal budget deficit over the next 10 years. Given how difficult a challenge the super committee faces, we cannot afford to ignore any viable options for strengthening our economy. We hope the super committee takes these top 10 economic reasons into account as they move forward with their deliberations.
By: Angela M. Kelley and Philip E. Wolgin, Center For American Progress, September 29, 2011
The GOP Congress Hates (Except When It Loves) Federal Spending
“You saw the House act,” Rep. Eric Cantor snapped to a reporter last Friday. Yeah, act like a petulant 4-year-old!
The majority leader of the GOP-controlled House has long been a whiney ideological brat who stamps his tiny feet in peevish anger whenever he can’t get his way on legislation. In this particular incident, Cantor tried to pretend that the House had approved more federal aid for thousands of Americans who’ve been devastated by natural disasters this summer. However, he had sabotaged his own “act” by slipping a poison pill into it.
You see, “federal aid” is a four-letter word to right-wing ideologues like Eric, so for weeks he had stalled the emergency funding that hard-hit families desperately need. Cantor and his fellow anti-government dogmatists in the House turned a straightforward humanitarian bill into their political football, insisting that any increase in funds must first be wholly paid for by cutting spending on other public needs. His ploy has become known as the “Cantor Doctrine” — budget purity first, people’s needs last.
Actually, his this-for-that demand could’ve easily been met if Cantor had agreed to cut things America definitely does not need, such as the $4-billion-a year subsidy doled out to Big Oil. But — whoa! — in Cantorworld, oil giants are gods that shower manna from heaven on Republican campaigns, so it’s blasphemy even to think of cutting that money.
Instead, Cantor went after Big Oil’s most dreaded nemesis: companies that are making fuel-efficient and clean energy vehicles. Thus, the Cantorites decreed that there’d be no more disaster relief until the federal loan program to foster development of this green industry was slashed by $1.5 billion.
This would have been a political hat trick for the GOP extremists — striking a blow for their anti-government absolutism, doing a favor for a major campaign funder and defunding an Obama-backed program that helps him with voters.
Luckily, Cantor’s nuttiness was so extreme that a bipartisan vote by 79 senators killed his political scheme — this time.
You’d think that aid for storm victims would be beyond politics. But nothing is too far out for right-wing cultists like Cantor.
Well, you might think, at least the leaders of the tea party-infused Republican Congress are consistent in their opposition to big infusions of federal dollars into the economy, right?
Absolutely! Unless you count infusions of taxpayer funds into projects favored by corporations in their districts.
For example, a favorite target of howling Republican ridicule has been President Obama’s effort to stimulate our moribund economy by making government-backed loans to job-creating, green-energy projects. In particular, they’re presently assailing a 2009 loan guarantee of $535 million that the Obamacans awarded to the failed solar-panel maker Solyndra. This loan to a financially shaky company, they wail, is proof that green energy programs are a waste and are just about politics. GOP Senate leader Mitch McConnell recently sputtered in a rage that “the White House fast-tracked a half-billion dollar loan to a politically connected energy firm.”
Fair enough — the Solyndra deal does stink. However, Mitch’s tirade would’ve had a lot more moral punch if it were not for Zap Motors. In 2009, even as the Kentucky senator was loudly deriding Obama’s original stimulus program, he was quietly making not one, but two personal appeals to Obama’s energy secretary, urging that a quarter-billion-dollar loan guarantee be awarded to Zap for a clean energy plant it wanted to build in McConnell’s state.
Never mind that Zap Motors had its own shaky financial record, it was (as McConnell now says of Solyndra) “a politically-connected energy firm.” Connected directly to him, that is. The senator’s robust support of Zap came after the corporation hired a lobbyist with close ties to Mitch, having been a frequent financial backer of the senator’s campaigns.
The moral of this Republican morality tale is that they hate government spending, except when they love it. For them, political morality is relative — decry federal largesse loudly, but when it serves your own political needs, hug it quietly … and tightly.
By: Jim Hightower, Common Dreams, Originally published by Creators.com, September 28, 2011
Blame Greed, Not Obama For Rise In Health Insurance Premiums
It’s Obama’s fault
Isn’t everything? I can’t believe what I am hearing and reading. Insurance companies are raising their premiums and, of course, that is President Obama’s fault. It’s that damn “Obamacare.” Ah, no, it isn’t.
Insurance companies have been raising their subscriber’s premiums for years before Mr. Obama was president; actually, even before he was “Senator Obama.”
I have a family plan to cover my husband and our two children; but I also own two small businesses and cover my employees’ healthcare at both companies. The large private PPO provider who I won’t name, but has the color of the sky in their title (ahem), has increased my premiums for both group plans and my individual family plan at least once a year for the past five years. And when I phone them and ask why, they don’t have an answer. They certainly don’t say: It’s President Obama’s fault and the passage of the Affordable Care Act.
As a matter of fact, the president of Kaiser also stated that healthcare reform is not the reason for the increased premiums; at best, it might contribute to 1 percent; so what is the other 99 percent? What is the reason these insurance companies keep increasing our premiums?
How can healthcare reform increase our premiums? Due to the increased number of people being covered by the reform act (mostly children and students who may remain on their parent’s plan), there are more people purchasing plans, whether employers or employees, which actually brings more money to those insurance companies. So why the increase?
Every time my plan has been increased, I have phoned to ask what additional benefits I am receiving for that cost increase; and every time the answer is the same: none. When I ask why, no one knows. But I know, it’s greed.
All, not some, all of the heads of these insurance companies earn millions of dollars a year in their paychecks. The insurance companies are one of the few in America not being negatively affected by our economy. Don’t believe me? Check their stock prices, or the stock prices of most medical related companies for that matter.
Actually, the increase in premiums, whether a person has an HMO or a PPO, just helps to support the need not only for healthcare reform, but for further reform, specifically a public option.
These increases are proof that the public needs another option, an affordable option. And the mandate? That drives business to the insurance companies, so they should be reducing the premiums. Insurance companies will say that many people are requesting a higher deductible; of course we are, it’s a bad economy and most of us want to pay less per month, taking the risk that we won’t end up in the E.R. or need surgery, etc.
And according to my doctor-husband, that’s a big risk. He’s an orthopedic surgeon. Patients used to come see him when they were in pain—let’s say their knee hurt. Now they come when their bones are sticking out—when they’re chronic.
So the increased prices by the insurance companies should be blamed on the insurance companies. They are hurting our healthcare system, doctors’ ability to provide proper care, and the economy as well; especially when so many Americans head to the E.R. once they’re chronic, which further bankrupts the system.
Bottom line—don’t blame Obama. Blame the insurance companies. They’re the bad guys this time around.
By: Leslie Marshall, U. S. News and World Report, September 29, 2011
Famous “Reality TV Star” Sarah Palin Laments That Politics Resembles Her World
After starring in her own reality TV show, camping with Kate Gosselin of Jon & Kate Plus 8 fame, dining with Celebrity Apprentice host Donald Trump, and cheering for her daughter on Dancing with the Stars, Sarah Palin has taken to Fox News, where she is paid handsomely as a contributor, to lament that the media creates “reality show intrigue” around possible GOP candidates.
In what is perhaps the least self-aware 16 minute television interview every given, Palin then proceeded to assert that “I am a proponent though of the media providing as much coverage of candidates in order to vet these candidates as possible,” even harkening back to the 2008 election cycle, when she refused most interviews and championed the idea of reaching voters directly, by saying that “we learned our lesson in electing Barack Obama who was not vetted by the media.” Who’d have imagined, based on coverage during the 2008 campaign, that he’d pass a liberal health-care bill, seek to raise taxes on the rich and wind up having been born in America? In all seriousness, it’s hard to think of anything that the news media has dug up about Obama that went unreported before the election but has since proven even marginally consequential.
Let us now marvel at the former Alaska governor’s latest attempt at determining who counts as a real American. “What’s going on in the real world, outside the political beltway where they call it flyover country I guess, the heartland of America, we’re having a hard time finding jobs and keeping jobs, believing that our economy is going to be solvent, and that we won’t be a country on the path toward bankruptcy,” she said. Already, the “we” makes this problematic: Alaska is not flyover country, nor is New York, where Fox News has its studios, or Arizona, where Palin owns a second home, and she doesn’t seem to be having a hard time getting work. Also note that, according to the Bureau of Labor Statistics, the states with the lowest unemployment rate in America during August 2011 were North Dakota, Nebraska, South Dakota, New Hampshire, Oklahoma, Wyoming, Vermont and Iowa in that order — and that the places with the highest unemployment in America, starting with the worst, were Nevada, California, Michigan, South Carolina, D.C., Florida, Rhode Island, North Carolina, Mississippi, and Georgia, in that order. The lesson: Palin’s obsession with privileged “coastal dwelling elites” and the long-suffering “real Americans” in flyover country and the heartland blinds her to reality.
Finally, watch as Palin zings her employer, Fox News, for allegedly spreading misinformation. “I think it’s kind of humorous to see the way that the media is covering these candidates. Let me give you an example of this,” Palin said. “Earlier today, Greta, on Fox News, you had a host who said, ‘Sarah Palin in the polls, she’s way way down there in the polls.’ And I’m kinda scratching my head going, ‘Wait a minute, on another network, on CNN just the other day, they showed a poll where I was within five points of President Obama.’ I was doing well, much better, than many of the other candidates, and I’m thinking, all this misinformation and contradictory information even from hosts on this network itself, it adds to the disconnect of not just the permanent political class, but many in the media also, because sometimes they don’t do their homework, and many times a host or a reporter, they have their own agenda. And they interject their agenda in the information.” If ever a network got what they deserved from an employee, it’s Fox News.
By: Conor Friedersdorf, The Atlantic, September 28, 2011
“See Spot Run”: Dick Morris Still Can’t Read
A few weeks ago, Dick Morris, the sleazy Republican consultant, wrote an entire print column built around a single observation: the economy lost 30,000 health care jobs in the month of August. There was, however, a small problem: the economy actually gained 30,000 health care jobs in August. Morris’ entire indictment was based on numbers he misunderstood.
This week, it happened again. Here’s the lede in Morris’ new print column, published yesterday.
Behind the president’s whining to the Black Caucus, begging them to “quit grumbling,” is a decline in his personal popularity among African-American voters that could portend catastrophe for his fading reelection chances.
According to a Washington Post/ABC News survey, his favorability rating among African-Americans has dropped off a cliff, plunging from 83 percent five months ago to a mere 58 percent today — a drop of 25 points, a bit more than a point per week!
If the president’s favorability rating among African Americans really had slipped to 58%, that would be a pretty significant development. But once again, Morris based an entire column on numbers he chose not to read carefully enough.
What the poll actually found is that President Obama enjoys an 86% favorability rating among African Americans — 28 points higher than Morris’ column claimed.
How’d he screw this up? The poll found that 58% of African Americans have a “strongly favorable” view of Obama, but that’s only part of the basis of a favorability rating. Morris apparently noticed one number, brushed past the relevant detail, and published a claim that’s plainly not true.
The point here isn’t that the president can ignore some of his key supporters, and win a second term with his current levels of support. Clearly Obama has a lot of work to do. The point is, The Hill keeps publishing Dick Morris claims that are demonstrably wrong. It’s not a matter of opinion — the columnist is making specific arguments about numbers that aren’t connected to reality.
Indeed, Morris said Obama was doing well when his favorability rating among African Americans was 83%. But right now, they’re 86%. By Morris’ reasoning, Obama is doing great with this constituency.
Also note, this wasn’t just some side detail Morris flubbed — just as with the clearly dishonest health care column a few weeks ago, the columnist is building entire print pieces around basic statistics that don’t exist.
Either Dick Morris can’t read or he’s assuming his readers won’t bother to check. Either way, maybe it’s time for The Hill’s editors to start taking a closer look at his pieces.
By: Steve Benen, Washington Monthly Political Animal, September 28, 2011
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