02/19/2003 - Greenspan: Immigration Spurs Economic Growth
February 19, 2003 – In his semi-annual monetary policy report to Congress on February 11, 2003, Federal Reserve Chairman Alan Greenspan implied that a major increase in immigration could be a solution to both projected long-term deficits and the current economic lull. Specifically, Greenspan stated, "…short of a major increase in immigration, economic growth cannot be safely counted upon to eliminate deficits and the difficult choices that will be required to restore fiscal discipline."
To view Greenspan's remarks, click here:
http://usinfo.state.gov/cgi-bin/was...21101.cec&t=/products/washfile/newsitem.shtml
-sai
February 19, 2003 – In his semi-annual monetary policy report to Congress on February 11, 2003, Federal Reserve Chairman Alan Greenspan implied that a major increase in immigration could be a solution to both projected long-term deficits and the current economic lull. Specifically, Greenspan stated, "…short of a major increase in immigration, economic growth cannot be safely counted upon to eliminate deficits and the difficult choices that will be required to restore fiscal discipline."
To view Greenspan's remarks, click here:
http://usinfo.state.gov/cgi-bin/was...21101.cec&t=/products/washfile/newsitem.shtml
-sai