Monday, May 6, 2013

'Gang of 8' Breaks the Bank: Mass Amnesty Would Add At Least $6.3 TRILLION to U.S. Debt!

Heritage Foundation and Fox News via Stand With Arizona Blog ^ | 05-06-2013 | John Hill


breaking_the_bank
America's financial future? Destroyed by mass amnesty for 20+ million illegal aliens.Mexico's Oligarchs say "Gracias, Gringo!"
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by John Hill
Stand With Arizona
The widely-anticipated Heritage Foundation estimate on the cost of the 'Gang of Eight' illegal alien amnesty bill was released this morning, and it is a unmitigated disaster.
The 'comprehensive immigration' overhaul being taken up in the Senate this week would add at least $6.3 trillion to the national debt if 11 million illegal aliens are granted legal status, according to the conservative think tank. And that amount assumes the low-ball figure of "11 million" - which most serious experts say is a gross underestimate.
The cost would arise from illegal aliens tapping into the government's vast network of benefits and services, many of which are currently unavailable to them. This includes everything from standard benefits like Social Security and Medicare to dozens of welfare programs ranging from housing assistance to food stamps.
"No matter how you slice it, amnesty will add a tremendous amount of pressure on America's already strained public purse," Robert Rector, the Heritage scholar who prepared the report, said in a statement.
"There's no way you can look at this and say that it's good for the American taxpayer," Heritage Foundation President Jim DeMint said.
This study should be a deal-breaker for any Republicans who were even flirting with supporting it, as it would absolutely devastate U.S. taxpayers - who are already paying $113 billion per year for the costs of illegal aliens.
In the course of their lifetime, the report estimates that each amnestied illegal alien would receive on average $592,000 MORE in government benefits than they would pay in taxes.
The $6.3 trillion figure is based on what illegal aliens would cost the government over the course of their lifetime. It factors in the expected $3.1 trillion in taxes they'd pay to the government.
Remarkably, Heritage claims its $6.3 trillion is a "conservative estimate". Annd of course since it uses the absurd "11 million" baseline figure for the number of illegals, the actual amount of debt amnestied illegal would add may be more than double the Heritage estimate. Far more credible estimates peg the actual number of illegals between 20 and 30 million.
You can read the full Heritage Foundation report here.
Supporters of immigration amnesty have been skeptical of efforts to assign a cost to the immigration bill. Proponents argue that the value of bringing millions of illegal immigrants out of the shadows and presumably into the taxpaying workforce is immeasurable.
Stephen Moore, an economist and Wall Street Journal writer, said that despite the Heritage findings, there are other studies showing the legalization will be an economic boon that could grow the economy -- in turn alleviating the country's deficit problem.
Sen. Marco Rubio, (R-FL), a key co-author of the legislation, repeated his claim that illegal aliens applying for legal status would not have access to federal benefits while they are applying. After obtaining a green card, they would still be ineligible for many federal benefits for five years, said Rubio.
But Rubio is ignoring what Sen. Jeff Sessions (R-AL) revealed last week - that given lax state rules for illegal and government benefits - millions of illegals would begin to receive benefits immediately. That's because State laws often provide benefits for anyone “lawfully present.” And thus many illegal aliens granted legal standing, known as registered provisional immigrant status, could immediately become eligible for public benefits.
And of course Rubio and his gangmembers completely ignore the simple fact that, due to the current misinterpretation of the 14th Amendment, when an illegal has anchor babies - children border on U.S. soil - they instantly qualify for food stamps, WIC, Medicaid and other benefits on their children's behalf.
"Those who claim that amnesty will not create a large fiscal burden are simply in a state of denial concerning the underlying redistributional nature of government policy in the 21st century," the Heritage report said.


ACTION ALERT: IMMEDIATELY FORWARD THIS REPORT TO YOUR SENATOR. Tell them in addition to the other numerous reasons to oppose mass amnesty for 20+ million illegal aliens, the Heritage "conservative estimate" of an added $6.3 TRILLION to our already skyrocketing debt is insanity.
DEMAND THEY OPPOSE THE 'GANG OF EIGHT' BILL!
Find Your Rep's Contact info HERE.

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