Edwin Rubenstyein proposes an immigration moratorium.
I have good news and bad news on the federal deficit front.
The good news: it has been worse. At the end of WWII the federal deficit was more than twice as high relative to Gross Domestic Product [GDP].
The bad news: this is the first economic recovery since World War II in which the deficit has not declined as a share of GDP. It was 10% of GDP in 2009 and is projected to be 11% in FY2011, which ended on Friday.
We’ve had weak recoveries before. George W. Bush’s first three years were essentially jobless. But he managed to reduce the federal budget imbalance by two-thirds (as a share of GDP) during his economic expansion.
This time, it is different.
This is also the first recovery in our post war history in which immigration has exceeded job creation.
The nexus between immigration, unemployment, and the federal deficit may be one of the greatest stories never told.
Snip
It’s no longer just an immigration problem. It’s not even a poverty problem: in this economy many middle-class households pay less tax than they receive in federal services.
It’s a population problem. We are all culpable.
As I see it, the country’s fiscal deterioration has a lot in common with its environmental and ecological deterioration. They are both exacerbated by population growth.
http://www.vdare.com/articles/immigr...ederal-deficit