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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (310195)	11/10/2006 4:23:59 PM
From: tejek	Read Replies (1) \| Respond to of 1574612

Brace yourself for the next two years, Jim. Both Bush and the Dems will let the illegal immigration issue slide. I am not so sure. Ten years ago, I would agree with you but then, only CA and a few other states were impacted. Now the impact is much larger and people are not happy. Immigration was one of the 4 issues cited in the exit polls as ones upsetting people significantly.

To: Tenchusatsu who wrote (310195)	11/10/2006 4:27:19 PM
From: Jim McMannis	Respond to of 1574612

Sounds about right. The republican run Senate wasn't doing the job either. Congress was trying but with the new Dem majority, I dunno.

To: Tenchusatsu who wrote (310195)	11/10/2006 7:04:09 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1574612

Why should anyone complain? We're spending $100B in Iraq per year. We're borrowing to do that. We're spending at a deficit overall of $500B per year. We're borrowing from the Chinese to do that. Every dollar we borrow takes interest rate flexibility out of the Fed's hands. In addition, we're borrowing from future growth, which will necessitate increased taxes in the future, crowding out business and consumer spending. The Republicans will say, yes, but our debt has been steady as a percentage of our overall economy. But that is flawed logic. That kind of logic assumes that the economy will grow forever, which also assumes that our population will grow forever. What happens when the workforce starts to shrink? Don't think it will happen? Let me tell you about a scenario where this becomes very likely. The baby boomers are about to retire. That will take a huge chunk out of the workforce that WILL NOT BE REPLACED by the generation that comes after. The only possible replacement HAS TO COME FROM IMMIGRATION. If we clamp down on legal immigration, then our workforce shrinks, guaranteed. If that happens, then all of the sudden tax revenues shrink, debt balloons, the dollar loses value, inflation reigns, and tax rates have to be hiked dramatically to support gov't operations and all the entitlement programs like Health and Retirement. That's why we should care.