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We are in Bi Flation and have been for a while in the West.
While the House Judiciary Committee focused on a very different part of immigration yesterday, its Senate counterpart held a hearing on “The Economic Imperative for Enacting Immigration Reform.”
In the hearing, witnesses testified that immigration reform that makes it easier for high-skilled immigrants to come work in the U.S. is not only good policy, but an economic necessity. Brad Smith, General Counsel and Senior VP for Legal and Corporate Affairs at Microsoft testified that smart immigration reform could create more jobs for American workers, something the economy needs as our nation struggles to recover from the recession.
David Skorton, President of Cornell University, outlined the problems currently plaguing high-skilled immigration, telling the committee that times have changed, and that:
The U.S. is not always the top choice of students from Asia who are applying to graduate school in science and engineering. ..If our immigration policy causes the number and quality of international students who matriculate in STEM disciplines at U.S. universities to decline significantly, it will reduce our capacity for research, innovation, and ultimately economic growth.
Skorton went on to explain that there are not enough qualified or interested American students to fill the slots in STEM (science, technology, engineering, and mathematics) undergraduate and graduate programs and recommended streamlining the green card process for international students with STEM degrees from U.S. universities. Skorton also recommended reducing the backlog for skilled legal immigrants, enacting policies that keep families together, and passing the DREAM Act. immigrationimpact.com...
Originally posted by predator0187
Wow, the people that have the majority of the debt are saying it is not so good.