Want To Reduce the National Debt? Find More Workers

7 Responses to "Want To Reduce the National Debt? Find More Workers"

  1. Nancy   June 21, 2013 at 2:55 pm

    The CBO says economic activity would go up and the deficit would go down but the same CBO report also says wages for the U.S. population would stagnate or go down. Great for the corporations, lousy for the people. Fortunately it is the people who vote, not the corporations.

    Are you saying corporations are more important than American workers?

    • fyzzics   June 25, 2013 at 11:13 am

      No, the report doesn't say that. It says that the average wages would drop by 0.1% in 2023, but increase by 0.5% by 2033.

    • Falk Burger   June 25, 2013 at 1:03 pm

      I quite agree. James seems to be saying that, once inside U.S. borders, all workers irrespective of origin or legality of entry are American, quality of life be damned.

    • Falk Burger   June 25, 2013 at 1:08 pm

      just noticed your final sentence – unfortunately, it's not votes that win elections any more, it's money, and I have a feeling you knew that.

  2. thinkclearly   June 23, 2013 at 4:11 pm

    I'm confused. What if our existing (real) unemployment went from 18-20% down to 5%? Wouldn't that do the same thing and we would do two things by it. We would say enough to entitlements for those here legally and we would say begone to those here illegally. Why should we reward either group?

  3. Falk Burger   June 25, 2013 at 12:58 pm

    James Kwak disappoints in this post. The primary global objective must be to find an exit from the "no limits to growth" model that is fueling all of our worst problems. There is no more powerful engine for growth than population increase, i.e. unrestrained, open-borders immigration. James Kwak's pseudo-moral arguments are unpersuasive, and his economic ones are unsustainable.

  4. rod   June 27, 2013 at 10:27 pm

    This is nothing more than propaganda. It will cause the deficit to balloon even more than the policies of Obama.