Saturday, October 8, 2011

California Governor Brown Signs Dream Act

California Governor Jerry Brown signed into law today the Dream Act which would allow illegal immigrants to qualify for in-state tuition at California's colleges and universities subsidized by U.S. and California taxpayers even though it is likely that their families had not paid taxes during their stay but were likely paid under the table during the prospective students' adolescent years.

The bill will likely cost billions to U.S. and California taxpayers who only had a very incidental benefit from the presence of illegal immigrants in the form of slightly cheaper domestic vegetable and  meat prices while also depressing skilled labor wages.

However, such a bonus to taxpayers was quickly taken away fourfold by the quantitative easing programs initiated by the Federal Reserve, a private corporation with a U.S. charter very similar to the way Great Britain would give charters to privateers to harass Spanish and French vessels 300 years ago.

The printing of money within the last 14 months caused food and energy prices to skyrocket even though there was less demand during that period due to high unemployment.

The controversial legislation also shines a bright spotlight on a sore spot amongst the GOP presidential hopefuls.

Two issues that remove the "top" two candidates from the Republican Presidential Primary popularity are:

Texas Governor Perry wants to adopt all illegals that were children when they crossed the border; and

Massachusetts Governor Mitt Romney defends socialized medicine which he advocated for his state.