By Frosty Wooldridge
January 20, 2005
NewsWithViews.com

http://www.newswithviews.com/Wooldridge/frosty25.htm

You’ve all read about Mexico receiving $15 billion annually in wire transfers from illegal aliens working in America. It’s the second highest income for President Fox and his cronies. You’ve read about the $25 billion in wire transfers funneling into South America. To add insult to injury, another $16 billion vanishes into Asia. In the meantime, you’re forced to educate illegal aliens’ children numbering 1.1 million at a cost averaging $7,000.00 per child per year for 18 years. Do the math—it’ll make you sick. You’re also forced to give illegals free health care, food stamps, housing assistance and other welfare benefits—all to the detriment of your own family and standard of living.

Every day, America grows poorer because our senators and congressmen, and corporations--aid, abet and encourage illegal alien migration into our country. When those illegals send back our money to their countries of origin, those corporations make a killing not only from the cheap labor, but from the wire transfers.

The latest ploy for banks is lending mortgage money to illegal aliens so they can move into our neighborhoods. But the real killer arrived in the news this month with a report that the underground of illegal aliens, numbering over 15 to 20 million, cost the IRS $311 to $400 billion annually. Additionally, a recent report by Visa stated wire transfers to Mexico last year reached $40 billion. Who do you think makes up for all that money? You do!

In any event, this country suffers unthinkable financial hemorrhaging via our corporations such as Western Union, First Data Corporation and others who eagerly become the transfer panderers for all those money transfers. As America plunged to an all time $7.4 trillion debt and the dollar is about to be replaced by the Euro as the world’s currency standard, how can this illegal alien factor of the "jobs Americans won’t do" be ignored as a monumental aspect in the return to fiscal responsibility?

Robert Justich, a senior managing director at Bear Stearns Asset Management in New York is quoted in a Barron's January report, "The report also points out the cost of the underground economy of illegal aliens working in the U.S. is costing the federal government hundreds of billions of dollars in unpaid income taxes and could lead to a higher impact on taxpayers if President Bush's amnesty proposal is passed into law." Jim McTauge in the Barron's piece wrote, "The underground economy is undermining the effectiveness of the Internal Revenue Service, which is highly dependent on employees' withholding taxes. If the IRS could collect all the taxes it says that it is owed from the underground economy in a given year, then the current budget deficit would disappear overnight. And if the IRS could collect these taxes every year, then the nation would have surpluses as far as the eye can see.

The IRS has estimated that its tax gap ­ the estimated amount of taxes owed minus the amount collected ­ is around $311 billion in any given year. The agency will produce a new estimate in 2005, and it could be as high a