Self-Perpetuating Immigration For All The Wrong Reasons

Business Lover

So this is the prevailing misguided logic by some for more immigration. 


We need immigrants to “reduce the ratio of retirees to workers.”


Why? 


Because the birth rate has fallen to below replenishment rates (roughly 2.1 births per women). 


And since our “trust funds” for social security, medicare, pensions, and the like have NOT been been kept in trust, BUT INSTEAD have been squandered on other things…


Therefore, according to this warped thinking we now need a wave of immigrants to come save us–have lots of babies and grow our economy–to pay for what we should be able to, but can’t–because of gross mismanagement and corruption with the money that was taken out our payroll all our lives supposedly to care for us in our elder years. 


The wrong reasons for immigration are expressed by Charles Kenny in Bloomberg Businessweek.


– According to Kenny, “More immigration is both the cheapest and most effective response to the challenge of a shrinking, aging population,” which he frets is “ominous for pension and health-care costs.”


Kenny’s approach to immigrants is that they are not vital and talented human beings, but rather basically baby machines with higher birth rates for population replenishment, as he states, “Although immigrants rapidly adopt the fertility patterns of their new countries, they still tend to produce more children to begin with.”


– And he says, because most come over as adults, we have the benefits of the workers “without the expense and delay of rearing…[them as] children.”

– Oh, and by the way, Kenny says, “Some newly arrived workers help provide cheap child-care options.”


Wow, how biased, cold, and condescending is that!


Not once does Kenny mention or advocate for immigration for any of these truly worthy reasons:


– Shelter from persecution 


– Political asylum


– Promote diversity


– Bring in needed skills, investment, and innovation 


– Rejoin families


And what is the result of bringing in immigrants to pay our way?


Well, we’ll need to bring in yet another and another, wave after wave of immigration, because we can’t balance of budget and spend rationally, responsibly, and with an eye toward the future–it’s self-perpetuating immigration for the sake of deadbeatism. 


Sweet land of liberty is being thrown out for a bunch of economic opportunists who feel we need “immigrants to [come to] the rescue” rather than join together with us in being great in terms of compassion, humanitarianism, and mutual respect. 


(Source Photo: Andy Blumenthal)

We’re Not Deadbeats

We're Not Deadbeats

Good book review in the Wall Street Journal on America’s Fiscal Constitution by Bill White.

The main idea is that we have gone from a nation where fiscal discipline and paying off ones debts was a valued tradition to one now where excess rules and profligate borrowing runs through our veins.

Both personal and national debt were viewed as a means of last resort and not something to be proud of, but rather as something done out of necessity to get through tough times.

On a personal level, we only borrowed what we needed and we payed it back on time or even early. Poverty was just one step away or even akin to servitude.

Similarly, on a national level, public debt was viewed as a safety net to preserve the union (i.e. war), territorial integrity (e.g. Louisiana Purchase), or in a severe recession (i.e. to maintain the government’s ability to spend in the short term).

The best option was seen as “pay as you go,” with the alternative, under limited circumstances, to “pay as soon as you can.”

However, the value placed on self and national discipline and sufficiency was replaced with elements of entitlement, greed, and waste.

The problem is once you have inequity in the system, then people feel the unfairness of it all, and give up caring about the system itself and just want to get what they see as their fair share.

Some politicians cater to these feelings of relative deprivation and are no longer viewed positively for fiscal constraint and ensuring our economic security, but rather “politicians gain favor by spending money without having to raise unpopular taxes.”

In essence, the government can give people more now, and they don’t have to pay for it until future generations–hence the ability to buy citizen’s political consent and even win elections by increasing the treasure chest even temporarily.

No, this is not China raising the fortunes of the middle class to keep the Communist Party in power, but rather this is us in the U.S. of A racking up tens of trillions of dollars in debt to keep people happy now (forget the future generations, let them fend for themselves).

Shake hands, kiss babies, and hand out dollar bills–give me, give me give me!

What has happened to us fighting hard and driving into the future on our own feet–together in strength and not as a debtor nation getting handouts from anyone that will lend us.

Soon, the Fed will be raising interest rates, and with a greater and greater national deficit to pay on, interest payments have the real potential to spiral out of control and leave our economy in shambles.

Like a credit card with interest payments that eclipse the principle borrowed, soon you are in over your head and there is nowhere to go but Chapter 11.

We’re not an inherently debtor nation, and we sure don’t want to be a deadbeat nation–isn’t it better to have what we really have financially and be who we really are and value?

Let’s leave our children and grandchildren economic and national security and not a towering pile of shameless debt, from mom and dad with love.

(Source Photo: Andy Blumenthal)