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Economic Effects of ICE and HR1

The Cato institute ( with George Will's endorsement) is a very Conservative think tank focusing on individual liberty, free enterprise and economics.

They have an analysis of the massive recessionary and stagflation impact of the ICE budget. ICE budget will be $170 Billion, and will probably all be spent immediately on prisons, extra agents ($200,000 a piece) and the wall.

Cato thinks that the CBO projections of additional $3 Tr to debt are too conservative. they think there will be at least additional $4 Trillion to the debt.

$1 Trillion is the negative effects on the economy of deportations.

https://www.cato.org/blog/deportations-add-almost-1-trillion-costs-gops-big-beautiful-bill

Add to this the 50% cuts in NIH and NSF budgets, where ever dollar spent produces $3 in return, and I think you can see why we are headed for stagflation and likely a recession and/or depression.

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