Speech #1000075039

I reduced your standard of living 20 percent in each of the last 4 or 5 years"? Mr. President. this is important because of jobs. it is important because of democracy. and I might also say that if the burden of debt prevents countries such as Mexico from growing. prevents countries such as Mexico from generating the jobs to employ their own people in Mexico. there is no way that we are going to be able to prevent a wave of illegal immigration from coming into this country. a wave of illegal immigration. I had a conversation 1% years ago with a major Mexican official and he asked me a question that I had not thought of. "Who do you think is heading north." he said. I said I didnt know. He said. "Our best people. If they cannot get a job in Mexico they are going to go where they can get work. legally or illegally. to support their families." That means a wave of illegal immigration to this country if we cannot deal with the debt time bomb that is out there burdening countries such as Mexico. So. this is first important because of jobs. It is second important because of democracy. It is third important because it is preemptive of a wave of illegal immigration into this country. And let me suggest that there might be a fourth reason. I do not think it is a coincidence that Mr.