The Congressional Budget Office (CBO) is one of the few institutions in Washington nowadays that is not poisoned by petty partisan bickering. The CBO is nonpartisan and has managed to stay that way. It does not take positions on important policy matters; rather it analyzes data, presents facts and leaves it up to Congress to decide how to use that information.
True to form, a new CBO analysis, “The Foreign-Born Population and Its Effects on the U.S. Economy and the Federal Budget — An Overview,” presents an easy-to-digest picture of the impact of current U.S. immigration policies on the economy. It’s not a pretty one.
California has gone off the fiscal cliff. The coronavirus crisis nudged the state over the precipice, but the state got right up to the very edge all by itself. According to projections by the state’s Department of Finance, California is facing a budget shortfall of $53.4 billion, which represents a staggering 37 percent of its $147.8 billion budget.
California, like many state and local governments, is looking for an infusion of cash from the federal government, which itself is accruing mind-numbing amounts of new debt. California likely falls under the heading of “too big to fail,” and its fiscal implosion would create an economic black hole that would suck in residents of the other 49 states.
The United States, under President Joe Biden, is sailing into uncharted waters. Democrats, for much of the past half century, have leaned in the direction of moving the United States toward the Scandinavian model of the “nanny state,” in which citizens surrender some of their freedoms and significant chunks of their paychecks in exchange for cradle-to-grave security.
The chattering class and the ruling elites of deep blue cities and states are aghast that Texas Governor Greg Abbott is resorting to political publicity stunts to bring national attention to the migration crisis the Biden administration is inflicting on his state. In doing so, Abbott is giving these self-declared sanctuary jurisdictions a taste of the hardships imposed by Biden’s open borders policy and exposing their self-righteous hypocrisy. Abbott’s political theater has been so successful that Governors Doug Ducey of Arizona, Ron DeSantis of Florida, and even the Democratic mayor of El Paso have gotten into the act.