Skip to comments.Cornyn wants U.S. taxpayers to fund Mexican development (July 13, 2006)
Posted on 02/15/2014 9:30:15 AM PST by jimbo123
'North American Investment Fund' billed as answer to illegal alien influx
WASHINGTON Sen. John Cornyn, R-Texas, has quietly introduced a bill to create a North American Investment Fund that would tap U.S. and Canadian taxpayers for the development of public works projects in Mexico.
Currently, a significant development gap exists between Mexico and the United States and Canada, Cornyn said. I believe it is in our best interests to find creative ways to bridge this development gap.
Cornyn introduced the bill just before the July 4 holiday
(Excerpt) Read more at wnd.com ...
Texas, please reject this POS. He’s a traitor. If we have a conservative on the ticket we can be excited about, our turnout will be larger and we might hand Davis an even more crushing defeat than currently predicted.
Bush era article.
We could help them fund their own development by them selling us lots of cheap oil.....
Cornyn wrote the bill.
NORTH AMERICAN INVESTMENT FUND
MR. CORNYN. Mr. President, I rise today to introduce legislation previously introduced in the 108th Congress which I believe is important to the long-term
competitiveness of North America. And I would like to thank my distinguished colleague, Sen. Coleman, for his support and recognition of the value of this legislation. He is an original co-sponsor of the bill, and I look forward to working with him and others to ensure its success.
Currently, a significant development gap exists between Mexico and the United States and Canada. I believe it is in our best interests to find creative ways to bridge this development gap.
As my colleagues undoubtedly are aware, Mexico will elect a new President this weekend. When President Fox was elected in 2000 it was a watershed event for Mexico because the election was fair and the transfer of power was peaceful. I hope that the same fair, peaceful process takes place this weekend. So I wish all the candidates well and I look forward to working with the new Administration and the new
Congress on issues of mutual importance to our countries.
Mr. President, considered in the context of history, Mexico has particularly within the past decade made significant strides related to its system of government and its trade policies. However, much work remains to be done, and I think it is important that we explore ways to help our neighbor move their development efforts to the next level, to assist them as they continue on a path of prosperity and growth.
I have come to view the creation of a North American Investment Fund as both central to our relationship with Mexico and necessary to ensure the economic prosperity
of North America as part of an ever-changing and growing global economy. I hope that this legislation will be a useful vehicle to help jump-start discussions on this very
My bill authorizes the President to negotiate the creation of a North American Investment Fund with the governments of Canada and Mexico. The fund can only be created if Mexico satisfies two conditions.
First, the government of Mexico must raise tax revenue to 18 percent of the gross domestic product of Mexico. Their current tax rate is approximately 9 percent.
Second, Mexico must develop and execute a program of economic reforms to increase private investment and economic growth, while also maintaining economic stability in Mexico.
These steps are of the utmost importance because any lasting changes in Mexico must start from within.
The purpose of this Fund is to reinforce efforts already underway in Mexico to ensure their own economic development. The funding would make grants available for projects to construct roads in Mexico to facilitate trade, to develop and expand their education programs, to build infrastructure for the deployment of communications services and to improve job training and workforce development for high-growth
Mr. President, as I have mentioned on several occasions, I have heard from Mexico leaders who say they want desperately to export goods and services, not people to our country. Well, I think we all recognize that opportunity in ones home country and immigration are linked, and I believe we should be more involved in helping to promote the strength and stability of our neighbors.
Development provides a positive and stabilizing influence on economies, on government institutions, and also on immigration. Weve seen, in past years, a steady
flow of immigrants particularly undocumented workers coming across our borders. A vast number of these immigrants are here to work hard so they can send money
home to their families and relatives. They may be well-intentioned, but at the same time, these hard workers are doing nothing to help their own economies.
Mexico does not want the most entrepreneurial members of its society to permanently leave. What it wants most of all is for economic development to grow in their region, so that citizens would have real opportunities to stay and grow the
economy there. But with the entrepreneurs and risk-takers coming to the United States, Mexico cannot hope to improve its own economy.
Economic growth creates new jobs and raises incomes. This growth lifts people out of poverty even as it spurs positive economic reform. The potential for good is nearly
limitless; as with such a fund we could spur sustainable development, strengthen private property rights, while also encouraging competition, regional integration, the
open flow of technology.
So the best solution for all of us is a Mexico economy that is vibrant and one important way is to ensure its continued development of infrastructure and resources.
The legislation I am proposing today would encourage this development, and I urge my colleagues to support it.
I have no illusions that Congress will move quickly to approve the idea of a North American Investment Fund. In fact, I think it will likely take some time to make our case
regarding the important role this fund would play in helping spur much-needed reforms in Mexico. But this investment in Mexicos future will only serve to contribute to a more
stable and prosperous North America, which should be a goal we all work to actively support.
It is important that we consider not only what is immediately feasible, but also what is ultimately desirable the ultimate goal in terms of the relationship between our three countries, and so I urge my colleagues to cosponsor this important legislation.
Naturally an “American” politician in 2014 A.D: (A) Favors the criminal element of our society;(B)favors any religion but Christianity;(C) favors any foreign nation over America-doubly so if that favored nation is hostile to the American people;(D)favors non whites taking over our political life, economy, culture;(E) favors sexual perversion especially if expressed in public ‘artfully;’(F)favors massive wealth transfer from the productive to the non productive. At any rate you folks get the picture.
If the ‘development’ is in the form of seizing their oil fields (as compensation for decades of drugs and illegals coming across our border), then I’m for it.
Hmmmmmmmm? You mean back in those days when they were talking about the Security and Prosperity Partnership aka the North American Union. In the Senate the legislation was the North American Perimeter Security bill.
The scaled it back and began calling it the Merida Initiative, then stopped talking about it.
The last time anyone talked about the North America Competiveness Council(NACC) was campaign 2008 when Obama said he would give a seat at the negotiating table to the unions and NGOs. Under Bush, only the transnationals were running the NACC.
Rinos and Libs - get it through your heads.
You have spent us into the poor house.
We have no money thanks to each of you, republican and democrat.
We borrow money every day for you all to give away to people all over the world.
I certainly hope this is a joke.
If the development is in the form of seizing their country (as compensation for decades of drugs and illegals coming across our border), then Im for it.
There Fixed it for ya.
If we want the Mexicans to be citizens of the US, then we should just do it right and proper like. Just annex Mexico and be done with it. Then they will all be US citizens.
Oddly enough, at this point in time, I would not be opposed to that. If we are going to do it, then just do it and quit beating around the bush. I am getting dang tired of all the foreplay!
Just noticed tha date on this article.
What is going on here at FR today with the posting of articles 6 years old, 14 years old?
Isnt there enough current events and bad news from the last few days to post?
If I want to get myself worked up about the past I can just hit Bing or Google.
Mexico has a thriving manufacturing sector almost all of which represents US dollars and few, if any, Mexican pesos. Add to that the millions upon millions of dollars immigrants and illegal aliens send to Mexico. In short, the USA already props up Mexico and does it better than at home, IMO.
We are reminding Texas primary voters about John Cornyn’s treachery.
Here’s an idea. Let’s allow economic piracy by not enforcing immigration law. Let millions of illegal workers take jobs and send money back to their families in Mexico. There, the Mexican families, will spend all that money made tax free in the USA and improve the local economy of Mexico. It has worked great so far.
Amazing what a difference the border between British and French colonization made between the Spanish and Portuguese.
I don’t agree with the plan that Cornyn was putting forward, but there is a point in that, ultimately, the solution to our immigration problem is having things improve in Mexico. I’ve always wondered why Walmart had to go to China for cheap labor when Mexico was right next door. The Mexicans could make more money than the Chinese and still undercut them because of reduced transportation costs. Yes, Mexico is corrupt but so is China. China has become wealthy being Walmart’s supplier yet the Mexicans continue languishing. Until things improve in Mexico we will have them continue to try to come here.