Posted on 06/12/2014 1:53:44 AM PDT by 2ndDivisionVet
Vice President Biden painted a rosy picture of the outlook for U.S. businesses Tuesday, but said economic growth hinges in large part on immigration reform, now languishing in Congress.
We need it badly from a purely purely economic point of view, Biden said during remarks to the National Association of Manufacturers.
The call came amid a wide-ranging address to the business group, in which Biden said the United States is better positioned than its rivals to compete in the global marketplace.
We have the most resilient economy in the world, Biden told hundreds of people gathered at the business groups annual conference. Were better positioned than any country in the world to lead the world in the 21st Century.
Biden said a key to the countrys solid economic footing is the the constant, unrelenting stream of immigrants that has come to the United States for generations.
Not dribbling, Biden explained. Significant flows.
He said the United States is among a few countries that can boast sustainable population growth, a vital part of ensuring a sufficient workforce and growing economy.
China doesnt have it, Japan doesnt have, it most European countries dont have it, he said.
Biden tied the historic economic benefits to passage of immigration legislation now stalled in the House. Citing government estimates, the vice president said a bill passed last year in the Senate would increase the gross national product by 4.5 percent over the next 20 years, reduce the national deficit by $850 billion and extend the solvency of the Social Security system by two years.
Biden also called for increased federal investment in the countrys infrastructure and steps to improve job training.
Yes it likely was a make-work project. The point is our more ‘diverse’ country could probably not do that today even if we could afford it.
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