Skip to comments.CBO: Immigration Bill Will Reduce The Deficit Over The Next 20 Years
Posted on 06/19/2013 5:54:20 AM PDT by Pearls Before Swine
The Congressional Budget Office said Tuesday that the immigration bill currently being debated in the Senate would reduce the federal budget deficit by $875 billion over the first 20 years it becomes law.
The CBO said in its official scoring of the bill that it would reduce the deficit by $175 billion in its first 10 years of existence. Over the next decade, it would provide an additional $700 billion in savings.
.... Politics More: Congress Immigration Reform CBO CBO: Immigration Bill Will Reduce The Deficit Over The Next 20 Years Brett LoGiurato Jun. 18, 2013, 5:58 PM 489 6
immigration deport immigrants
AP The Congressional Budget Office said Tuesday that the immigration bill currently being debated in the Senate would reduce the federal budget deficit by $875 billion over the first 20 years it becomes law.
The CBO said in its official scoring of the bill that it would reduce the deficit by $175 billion in its first 10 years of existence. Over the next decade, it would provide an additional $700 billion of deficit reduction.
That amounts to 0.2% of GDP.
If the bill becomes law, the CBO estimated that about 10.4 million people would come to the United States as new immigrants. And it would legalize about 8 million people who currently live in the country as unauthorized immigrants.
The CBO's scoring of the bill pleased immigration reform advocates, the Senate "Gang of Eight" sponsors of the bill, and President Barack Obama.
(Excerpt) Read more at businessinsider.com ...
Bullcrap. The CBO was given very tight restraints on how to score it and naturally they came up with a Rat friendly number. Remember when they said that Obamacare would cost less than $1 trillion over 10 years and it rapidly ballooned to nearly triple that?
Figures lie and liars figure.
Cold fusion does work, just ask Andrea Rossi. /s
They do not factor in these two issues:
1. The number of newly legalized immigrants that will be eligible for and that sign up for welfare benefits (likely to be 7-10 million).
2. The policies that will result from a majority Democratic House, Senate, Presidency, and from the majority of states having Democratic majorities, as a result of 6-8 million new voters, 90% of those voting Democrat straight ticket.
“By fixing our broken immigration system and making sure that every worker in America is playing by the same set of rules and paying taxes like everyone else we can grow the economy, strengthen the middle class, improve our fiscal outlook and create new opportunity for Americans everywhere.”
BS. The illegally employed illegal alien is only a small fraction of the economic problem. PAYING TAXES. There’s the magic word. Paying INCREASED taxes. There’s the reality. Increased taxes to PAY FOR administering the immigration reform. Opportunity? for Americans EVERYWHERE? Opportunity for what? To pay MORE TAXES????
And we should believe them? Why?
CBO : Have their spending projections EVER been right?
Remember, Obamacare was going to come in under a trillion dollars; Trillion dollar yearly deficits were going to be halved by Obama’s 4th year
...they also said Obamacare would save us money....
Congressional Budget Office? ROTFLMAO!!! What budget, I see no budget?
lets see here there are 47% who dont pay taxes that is a deficit of of 53% so immigration will reduce that deficit got it
Isn’t the CBO the same bozos who told us that ObamaCare was going to come in under a trillion bucks? ROTFL! I guess they weren’t very good at math when they went to school.
I’m convinced the Resident from the Muslim Brotherhood has SCOTUS, much of Congress and many agency heads imPRISMed. Tyranny is here, now. I’m sorry you served your country only to see it come to this.
A 20-year economic forecast? Seriously, a fortune teller at some carnival has a better chance of guessing something twenty years out. This is just being thrown out as political cover or a peg on which a Congressman can hang his hat in rationalizing to voters why he or she passed this illegal immigrant amnesty program.
Exactly! I suppose these people see a border fence as the reason why we are in debt as well. So, let's just open the borders to China, Pakistan and every other nation. Let's just make a law that says no matter where you live, no matter where you were born you are by default an American citizen and have the right to move here anytime. I suppose we could erase our debt in a few months according to the CBO and Marco Rubio.
But, as you say, THAT IS NOT what this is about.
” I dont give a flying FIG about how much it is projected to save in costs. THAT IS NOT what this is about. This isnt an appropriations bill or a healthcare bill. This is about protecting a sovereign nation from illegal entry. If it IS a spending bill, where is the line item for building the fence?”
Well done, Sue!
they’ll be creating a nation of slaves.
More likely a nation of disinterested drones. The producers will eventually give up.
these people are being roped into paying the national debt.
So the ObamaCare accountants have moved on to putting fake figures on their immigration spreadsheets. This is what happens when accountants don’t have to worry about auditors.