Immigration Doesn’t Hurt City Economies or Ratings, S&P Says (born, illegal immigrants)

[blacknight04]

Most U.S. cities with “significant immigration” over the past decade saw their credit ratings improve, according to Standard & Poor’s.
Even amid concerns about the pressures of new, lower-income or less-educated residents, cities with high numbers of the foreign born saw tax bases grow and per-capita income increase, the report released today by the ratings company said.
“To make a case that immigration causes governments to go broke or jurisdictions to have budget overruns is a simplistic argument,” said Horacio Aldrete-Sanchez, a senior director in state and local government ratings for S&P and an author of the report. “There are undoubtedly costs to these governments, but there is also an overall increase in economic activity and a stabilizing impact on the labor markets.”

Immigration Doesn

[1AngryTaxPayer]

I didn't see illegal immigration anywhere in that article. Are you deliberately trying to blur illegal and legal immigration?

Who were getting loans they weren't supposed to? Los Angeles Downgraded By Standard & Poor's, City Drops Credit Rating Agency

Banks help illegal immigrants own their own home - Aug. 8, 2005

So whether or not they caused the collapse they were part of the collapse. Saying they didn't aid in the downgrades or the housing market collapse is purely not true, they did.

[chicagonut]

Originally Posted by blacknight04

Immigration Doesn

Uh, illegal immigration isn't really "immigration".

[Rockmadinejad]

But you guys admit that illegal immigration wayyyy outpaces legal immigration, right? So like, this is still relevant, dudes and ladies.

[1AngryTaxPayer]

Originally Posted by Rockmadinejad

But you guys admit that illegal immigration wayyyy outpaces legal immigration, right? So like, this is still relevant, dudes and ladies.

All the info I've seen says it's about a 50/50 split but then, it's like watching an anthill so who knows. All I see is the impact on my life and those around me. That's the most objective data I run with. Half a million criminals...errr law breakers is going to have an impact no matter where they show up.

Moderator cut: personal

[Packard fan]

ILLEGAL aliens hurt Americans who aren't well educated. There's NO reason an American has to deal with illegal aliens while trying to get a job in the US.