Thread: DREAM Act Would Slash Deficit by $1.4 Billion Over 10 Years

Pay-as-you-go procedures apply because enacting the legislation would affect direct
spending and revenues. CBO and JCT estimate that enacting the bill would reduce deficits
by about $1.4 billion over the 2011-2020 period. That result reflects an increase in
on-budget deficits of about $1.4 billion over that period and a decrease in off-budget
2
deficits of about $2.8 billion over the same period. Only the on-budget effects are counted
for purposes of enforcing the Statutory Pay-As-You-Go Act of 2010.
Although the legislation would not have a large impact on deficits over the 2011-2020
period, the eventual conversion of some of the conditional nonimmigrants to legal
permanent resident (LPR) status after 2020 would lead to significant increases in spending
for the federal health insurance exchanges, Medicaid, and the Supplemental Nutrition
Assistance Program (SNAP). Pursuant to section 311 of the Concurrent Resolution on the
Budget for Fiscal Year 2009 (S. Con. Res. 70), CBO estimates that the bill would increase
projected deficits by more than $5 billion in at least one of the four consecutive 10-year
periods starting in 2021.
This bill contains no intergovernmental mandates as defined in the Unfunded Mandates
Reform Act (UMRA). Some state and local colleges and universities may experience
increased enrollment as a result of this bill, but any associated costs would not result from
intergovernmental mandates. S. 3992 also contains no private-sector mandates

http://www.cbo.gov/ftpdocs/119xx/doc11991/s3992.pdf

Our lies have been exposed!!!!

The CBO report basically assumes that there are no legal immigrants or citizens to fill the jobs the illegals would take.

They also assume that there is zero cost with displacing US citizens from higher education.

Those are just some of the really big assumptions.

They based their "estimate" of costs on a JCT estimate.

I cannot find the JCT estimate on the JCT website.

But read this paragraph from Politico for proper context and the important point:

"Munoz and other DREAM Act backers on Friday touted a new Congressional Budget Office report that showed the bill would cut the federal deficit by about $1.4 billion over the next decade. But the same analysis concluded that after 10 years, the measure would swell the deficit by more than $5 billion as immigrants gain legal status and become eligible for things like health insurance, Medicaid and food stamps."

Read more: http://www.politico.com/news/stories/12 ... z175xZk46A

Great find Populist. I did a double take on the title of this article. Nothing that has to do with illegal immigration comes without big costs to the American people and to the nation.

Psalm 91

Originally Posted by Populist

But read this paragraph from Politico for proper context and the important point:

"Munoz and other DREAM Act backers on Friday touted a new Congressional Budget Office report that showed the bill would cut the federal deficit by about $1.4 billion over the next decade. But the same analysis concluded that after 10 years, the measure would swell the deficit by more than $5 billion as immigrants gain legal status and become eligible for things like health insurance, Medicaid and food stamps."

Read more: http://www.politico.com/news/stories/12 ... z175xZk46A

Good point. Gee whiz, it's those little "details" that quickly become the 800 pound gorilla in the room, or what I like to call the Law of Unintended Consequences.

The CBO scored the Health Bill and we know how that turned out.

It seems that the CBO puts in the numbers the Dems need to get their agenda, not the actual numbers.