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OT: Some really bad news for the local economy
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[QUOTE="Crusty, post: 791682, member: 2265"] While I am friendly to the general thrust of your post, GDP does not include population growth per se, only the effect it has on consumption. (GDP includes Consumption + Government Spending + Investment and plus or minus net export/imports.) Population growth, whether through through birth rate or immigration, clearly impacts consumption and, since the US birth rate is low and declining (125th in the world) and will at some point be below the replacement rate, immigration growth seems essential to the growth GDP. Everyone is aware of this as common sense but as is the case with every immigrant wave, we just don't like the new immigrants as much as we now like the old ones! Just ask the Italian and Irish immigrants. We need a new wave of immigration but we need to have a sound policy that maximizes the positive impact for the economy and minimizes the negative aspects. I have yet to see a plan that does those things. With respect to illegal immigrants it has always seemed to me that the obvious solution is to grant permanent work visas without a path to citizenship which many rightfully IMO view as amnesty and a moral hazard. The problem of course is that the Dems push for a path to citizenship becasue they want those votes and the Reps don't want a repeat of Simpson Rizzoli. We need a common sense compromise. [/QUOTE]
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OT: Some really bad news for the local economy
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