The Congressional Budget Office on Tuesday downgraded its estimate of the benefits of President Obama’s 2009 stimulus package, saying it may have sustained as few as 700,000 jobs at its peak last year and that over the long run it will actually be a net drag on the economy.
CBO said that while the Recovery Act boosted the economy in the short run, the extra debt that the stimulus piled up “crowds out” private investment and “will reduce output slightly in the long run — by between 0 and 0.2 percent afD”font-weight: bold;font-size:130%;” >1. 40% of all workers in L. A. County ( L. A. County has 10.2 million people) are working for cash and not paying taxes. This is because they are predominantly illegal aliens working without a green card.
2. 95% of warrants for murder in Los Angeles are for illegal aliens.
3. 75% of people on the most-wanted list in Los Angeles are illegal aliens.
4. Over 2/3 of all births in Los Angeles County are to illegal alien Mexicans on Medi-Cal, whose births were paid for by taxpayers.
5. Nearly 35% of all inmates in California detention centers are Mexican nationals here illegally.
6. Over 300,000 illegal aliens in Los Angeles County are living in garages.
7. The FBI reports half of all gang members in Los Angeles are most likely illegal aliens from south of the border.
8. Nearly 60% of all occupants of HUD properties are illegal.
9. 21 radio stations in L. A. Are Spanish speaking.
10. In L. A. County 5.1 million people speak English, 4.9 million speak Spanish. (There are 10.2 million people in L. A. County .)
(All 10 of the above statements are from the Los Angeles Times)
Less than 2% of illegal aliens are picking our crops, but 29% are on welfare.
Over 70% of the United States ‘ annual population growth (and over 90% of California , Florida , and New York ) results from immigration.
29% of inmates in federal prisons are illegal aliens.
So what hurts the economy?
Illegal activities.
And further, I submit:
Instead of spending BILLIONS of dollars, there needs to be logic and proportion and reality. How about one easy solution: deliver $1,000,000 to each LEGAL American citizen over the age of 21 and let THEM determine their fiscal future.
[Note: Government is never going to end poverty. It is never going to create private sector jobs.]
Many would pay off their homes. Many would pay off their bills. Some would piss their money away on drugs and other illegal activities. So be it. Those who are smart would succeed. Those who are stupid would not. But, despite that, money would be injected into The System.
And all it would cost is roughly $310,000,000 dollars.
Government spending is not the same as productivity. Productivity occurs in the private sector. Productivity: that’s the key. No amount of government spending can produce productivity. Government spending destroys productivity. It destroys it.
Leftists say: we need more spending.
The focus needs to be on productivity, it needs to be on goods and services. The private sector creates wealth and productivity.
Government “stimulus” — NO.
Involving the Departments of Failure — NO.
Providing power down to its lowest level:
YES.
You truly want more spending, Demorats? All it would cost is $310 million.
Taken to the lowest common denominator.
Refute that, Leftists, Demorats, Liberals. I’ll print ALL your comments in response.
BZ