Mitchell’s laws: The more budgets are cut and taxes increased, the weaker an economy becomes. Until the 99% understand the need for deficits, the 1% will rule. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Austerity = poverty and leads to civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
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Here are a few excerpts from an article that is sure to precede months of controversy.

Washington Post
Young illegal immigrants’ amnesty could tighten competition for jobs, college
By Pamela Constable, Published: June 15

President Obama has just opened a floodgate of opportunity for young illegal immigrants in the United States, but could it squeeze the aspirations of legal Americans in the process?

A “floodgate” of opportunity? You mean like millions of aliens will be flooding into the United States? Let’s get real:

1. The population of the United States is about 315 million.

2. According to the article, “An estimated 1.4 million children and young adults live in the United States illegally.” So we will be giving temporary, legal status to what amounts to four tenths of 1% of our population. Some “flood.”

3. The “young illegal immigrants” already live here. They won’t be “flooding” anything. All this will do is allow them to do legally, what they have been doing illegally.

Across the nation Friday, immigrant advocates and Hispanic youth groups hailed Obama’s decision to offer legal status to some undocumented immigrants under 30 as a watershed in U.S. immigration history and a long-sought victory for ambitious youths denied a chance to realize the American dream.

“I thank God for this day. It has changed my whole life,” Jorge Acuna, 19, a college student in Silver Spring who came to the United States with his family as a child. . . Now, under the amnesty, he will be able to pursue his degree in engineering.

Will the U.S. benefit or suffer from young Mr. Acuna’s degree in engineering?

But opponents of illegal immigration warned that the policy could create significant new competition for jobs and university slots at a time of nationwide recession and numerous states’ efforts to curb public spending.

“I see a tidal wave coming,” said Brad Botwin, president of Help Save Maryland, a group that opposes legalization for undocumented immigrants. “Half of our college graduates today can’t find jobs, and the unemployment rate for high-school-aged Americans is extremely high. This is unfair to U.S. citizens and legal immigrants who are out there struggling to get ahead.”

From a “flood,” we now have moved to a “tidal wave.” What next, a tsunami? He says, “Half of our college graduates today can’t find jobs.” Really? I’d love to see the statistics on that one. And why can’t people find jobs? Because that four tenths of one precent is taking all of them? Gimme a break.

This is typical of the xenophobic, protectionist, scare tactics we always see during difficult times. Yes, the economy is recovering too slowly, and yes, unemployment is too high, but is that really because of undocumented aliens?

Every time this nation suffers, the panic mongers turn us into fortress America. During the Great Depression, we tried to “keep jobs from going overseas,” by increasing import duties. You know how well that worked.

Under the new policy, as many as 1.4 million undocumented immigrants under age 30 will be able to apply for the amnesty, allowing them to work and attend college legally. To be eligible, they must have been in the United States for five years, have no criminal record, and attend high school or college or be a military veteran.

The panic mongers would like to toss out young people who attend high school or college or served our nation in the armed forces, and who have no criminal record. Are these the people who are a danger to America?

The policy does not provide permanent legal residency, but it protects those who qualify from being deported and gives them a chance to renew their new status every two years. It also does not grant any public benefits, such as Medicare and Medicaid. Federal law already grants all undocumented immigrants the right to a public-school education and emergency hospital care.

Why no Medicare or Medicaid? There are two other choices: Sick children could go to those expensive hospital emergency rooms. Alternatively, we could let those children get sick and die. As an American, I opt for giving them Medicare or Medicaid. The federal government could pay, and there need be no additional taxes. So, why not?

“Texas and California will definitely benefit from this,” said Marielena Hincapie, executive director of the National Immigration Law Center in Los Angeles, adding that the two states have large populations of Hispanic immigrants who will now be able to open businesses, hire people and earn more.

You won’t hear that from any of the panic mongers. All they will tell you is negative myths about lost jobs.

California, Texas and eight other states have laws giving in-state tuition benefits to illegal immigrants. Maryland passed such a law, but it has been stalled by legal challenges. The new federal policy does not address this issue, however. At the other end of the spectrum, Arizona and Alabama have passed tough laws barring illegal immigrants from a range of activities and allowed police to check their legal status.

Which states are acting more like real Americans — California, Texas and the eight other states, or Arizona and Alabama, which seem to have forgotten what it means to be American?

The new federal policy is a strange compromise between compassionate, logical Americans vs the panic mongers. The whole process of becoming a citizen is so crazy, it needs to be fixed. Why does it take 5-10 years? What’s the problem? Do we really have too many consumers in America? Do we really have too many people being educated, too many people starting small businesses, too many people hiring other people, too many people who are not criminals?

Immigration advocates as well as critics said the new policy is far from an adequate substitute for an overhaul of the entire federal immigration system. “Due to congressional inaction, we have seen a lot of laws passed at the state level that in many cases only add chaos,” said Clarissa Martinez, an official of the National Council of La Raza in Washington. “Where the administration is justified and able, they should intervene, as they have done in this case. But it only intensifies the need for Congress to act.”

Congress will do the right thing, when every possible wrong thing has been tried and failed. There is no reason why becoming a citizen should take longer than a year. Someone applies, his/her background is checked, and if he’s O.K., he gets his papers. That’s all it should be. America is a long, long way from having too many people.

The most significant and contentious aspect of the new policy is that it automatically grants hundreds of thousands of people in their teens and 20s — most of them from Mexico and Central America — the right to work in the United States. Many may have already been working, but as undocumented laborers they often had to accept low wages and poor conditions.

So those people won’t be taking someone’s job; they merely will receive better pay and working conditions. And this is a bad thing??

When times are difficult, the protectionists always come crawling out of the woodwork, looking to scare you with scapegoats. In 1930′s Germany, it was the Jews, who were taking over the world. After WWII, it was the Japanese, who were producing low, cost stuff, and using their profits to buy Hawaii. More recently yet, it has been the Chinese, who are “stealing our jobs.” (Never mind that their low cost goods help prevent inflation, here.)

Today, the panic-mongers tell us to fear the undocumented Mexican immigrants. (Strangely, no concern is expressed about undocumented Canadian, British, French, or Australian immigrants. It’s the Mexican border states that are all atwitter.)

The bottom line: Rather than stealing jobs, the undocumented aliens are consumers, who through their consuming, create jobs. When they go to college, the increase in America’s brain power helps this nation grow and compete.

Bottom line: Do we really want evict all those young people, who have lived here five years, never have committed a crime and either are going to school or serving in our military? They’re here, so what do we want to do about them?

Young people, whether their skin is black, tan, yellow or white, are America’s future. We need more, not fewer, young people, to give us the energy and drive that has made America great. We should not allow the panic mongers to make xenophobes of us all.

It’s cruel and it’s bad economics.

Rodger Malcolm Mitchell
http://www.rodgermitchell.com


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No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia. Two key equations in economics:
Federal Deficits – Net Imports = Net Private Savings
Gross Domestic Product = Federal Spending + Private Investment and Consumption + Net exports

#MONETARY SOVEREIGNTY