On Lou Dobbs tonight, he reported that the World Bank disclosed that $53.4 billion in wire transfers have moved from the U.S. to Mexico and Central America in the last year, that is a new record over what was transferred in previous years.
It's clear what the incentive is for Mexico and Central American governments, in permitting and even encouraging both legal and illegal immigration to the U.S.: it generates an ongoing annual flow of cash back to the country of origin, year after year.
And conversely, that is 50 billion or so that leaves the U.S. every year and ceases to re-circulate and grow our economy. It shrinks our economy, and now grows theirs. Likewise the 500 billion annual trade deficit with China alone, as well as cash wire transferred by immigrants of every country, transferred from the U.S. to nations worldwwide.
