cry of the banshee wrote:
Quote:
Arizona has a history of passing restrictions on illegal immigration, including legislation in 2007 that imposed heavy sanctions on employers hiring illegal immigrants...
http://en.wikipedia.org/wiki/Arizona_SB ... nd_passageHow does that fit into your narrative about benefits to private corporations?
Yeah, I don't think that SB1070 is really a corporate interest type thing. In my view, the whole anti-immigration issue is more of a paranoia/race thing than anything else, considering that the crime and economic arguments that people like to throw out are pretty much a bunch of voodoo.
Regarding why we shouldn't be worrying about the deficit...
Don't know how much y'all know about basic economics, but Keynesian theory (accepted by pretty much everyone nowadays) holds that when the economy is not producing at full capacity (called Y*), it's because the demand side is not strong enough for the suppliers to want to produce at Y* (as opposed to the supply side not having the capacity to meet demand). So, when the economy is in the tank--as it is now, though we're technically not in a recession--the basic idea is that you want to stimulate the demand side so that the economy can get back to full capacity and everyone will be happy. There are two ways the government can do this: a. cut taxes and give people more money to spend, or b. increase government spending itself. Now notice: both of these things increase the deficit. So, basically, if the economy is doing bad (as it is now), it's not the fucking time to be worrying about the deficit...instead, we should be taking measures to help the recovery along--even if it means incurring a greater deficit. Deficit spending can actually be good when the economy is doing bad, if it means that demand is the better for it.
Here's why the deficit isn't such a big deal that it should take precedence over stimulating the shit economy.
If you just look at the numbers for the government budget, interest payments are 6% of total spending (
http://en.wikipedia.org/wiki/File:U.S._ ... Y_2007.png). Is that a lot? Sorta...maybe even yes. But is that unsustainable? Fuck no. My prof recently said that he thought that interest would have to get up to 20-30% of the budget before it became something we should worry about. He's a little extreme, but still...it ain't that bad.
As for the "burden on the future", everybody forgets one crucial thing: the government debt is in dollars. If something happened and everyone decided to demand full payment on the debts, the government could just print a shitload of dollars and pay everything back. Not that that's ever,
ever going to happen...because it almost certainly isn't. Point is that we're not going to see the type of disaster that comes upon countries who incur huge debts in foreign currencies.
Personally, I think that the state of the economy and job market is a much greater concern for now AND for the future. You don't think people entering the job market are going to be affected long-term by the state the economy is in? It really comes down to the ridiculous fucking ideology that big government is always bad. If Republicans are so concerned about the deficit, why does Ryan's budget proposal include tax cuts that cause the deficit to continue to grow despite the massive fucking cuts to government programs (in everything except defense spending, of course)? It's so frustrating. Here's a good article on that:
http://www.nytimes.com/2011/04/08/opini ... aulkrugman
So yeah. Stop worrying about the deficit...