Greenspan Reaffirms Benefit of Immigration to U.S. Economy
Posted Mar 04, 2005
©MurthyDotCom
Highly regarded by both Republicans and Democrats, Federal Reserve Chairman Alan Greenspan stated to the U.S. House of Representatives Financial Services Committee on February 17, 2005 that he supports increased immigration. He voiced his support not only because immigrants help our social security system, but also because they help the U.S. economy in general.
©MurthyDotCom
The Federal Reserve works to ensure that the United States always has a stable financial system. Mr. Greenspan has been the Chairman of the Federal Reserve Board since August 11, 1987, serving under Presidents Reagan, George H. W. Bush, Clinton, and George W. Bush. His revered status as the premier U.S. fiscal advisor means that Congress and the White House generally give his words substantial weight when making decisions on policies with fiscal implications.
©MurthyDotCom
Mr. Greenspan's position on immigration has historically been positive. We have previously discussed Mr. Greenspan in articles available on MurthyDotCom, including in our February 5, 2000 article, Immigration is Good for the U.S. Economy.