Monday, September 15, 2008
Wall Street & Immigration
Guess what Lehman Bros. means for Immigration?
It means that now we need a day's work for a day's pay, or a day's savings, or a day's taxes.
No longer will the outrageous Rich Republican Phil Gramm mechanism of leverage: invest $1 for the bang of $30, be able to create paper profits and paper growth.
In short, who will fund the Boomers?
Not Phil Gramm and his cronies anymore.
We need a lot of people working and paying taxes. Lots of them, preferably making good wages that pay payroll taxes and FUTA.
We shall need to actively seek out and attract immigration, and we better do it right now as part of a package to secure Soc. Sec.
Tear that 700 mile wall back down, by the way, idiots!
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