After coming to the United States and getting roped into voting for Democratic policitians who promise more jobs with support for labor union and more social programs to ‘spread the wealth’, suddenly they are getting cold feet now that the bills are coming due.
The promises of socialism can be carried along for many years, but can never deliver on those promises and eventually someone has to pay for the money that was spent. Free money is always welcome, but paying the servant to distribute the money and paying the money back is another story.
With the deepening recession, the administration is likely going to have to increase taxes on the very workers that voted for the expansion of government programs. This reverse migration is a clear sign that the US economy is in deep trouble.
The middle-class, or should I say what is going to be left of the middle-class - will get stuck paying for the decade long government spending spree by inflation and taxation, while the immigrants and upper class exit the country.
SS and Medicare
The recession has already increased the projections of Social Security and Medicare to go bust by 2037 and 2017. Reverse migration will probably bring the bust to 2012, just three years from now. Who is going to pay for this enormous bill? The US government experiment with socialism could end as badly as it did with Germany a century ago.
If the recession continues, which I expect it will, the mountain of economy problems facing the US in the next few years are staggering to say the least.
The political pressure to tax more money from the people will eventually lead to the need for more people to tax. And that will lead to many new ideas, like taxing internet purchases, taxing global companies or creating a global tax system, or even increasing the number of babies.