Quote of the Day: Alan Reynolds
By David Henderson
In writing on the recent paper by Robert Rector and Jason Richwine (“The Fiscal Cost of Unlawful Immigrants and Amnesty to the U.S. Taxpayer”), which found that U.S. governments spend more on households headed by illegal immigrants than those immigrants pay in taxes, Alan Reynolds writes:
It is hardly shocking to learn that federal, state, and local governments spent more on unlawful immigrants than they received in taxes, since governments spent more on nearly everyone than they received in taxes. That is what happens when governments run big budget deficits.
Reynolds’s piece is appropriately sub-titled “Rector and Richwine Rediscover Budget Deficits.”