Important issues for '04: Job loss to overseas, runaway debt

Important issues

for '04: Job loss to overseas, runaway debt

I enjoyed Raymond Keating's

editorial on immigration even though I totally disagreed with him. I would

like put my two cents worth in on the immigration issue and discuss a

few more important issues briefly:

1. The need for workers is

not a legitimate reason to tolerate unlimited immigration. If we need

low-end workers, then allow guest workers to come here temporarily. The

fact is our population will be as large as that of China or India in a

hundred years if we keep letting 30 million people a decade come here.

The world is undergoing a population explosion. The U.S. must not be the

relief valve for Third World overpopulation.

2. Our trade deficit with the

world has reached $400 billion per year and is still growing. If you wonder

why this is a jobless recovery, it is because the jobs are being created,

just not here.

The fact is there is a massive

labor glut in the world. There are billions of Third World people that

would love to do your job for $5 a day. Increasingly American businesses

are happy to let them do your job (for $5 a day). Unfortunately as more

and more goods are produced with rock-bottom wages, demand dries up because

the Third World workers who produce all these goods cannot afford to buy

the goods they produce. So the goods are sent to America. In the end we

will not buy them either because the jobs have all gone overseas.

We are financing our trade

deficit with debt. That $400 billion comes