Oil revenues is Mexico’s largest single foreign revenue source for the Mexican government. The second largest foreign revenue source for Mexico is money mailed or wired back to Mexico from the United States by Mexicans living in the United States. They have a nice clinical name for it. They call it remittances. And by the looks of this video , the major part of it seems to be coming from illegal alien Mexicans living in the United States.
Mexicans living in the U.S. sent home 12 percent less money in August, the largest drop on record since the Bank of Mexico began tracking remittances 12 years ago. Many towns depend on these dollars for survival.
According to the report, ‘remittances’ have dropped from $2.2 billion last year to $1.9 billion this year. It is not clear whether that was for August only or if that was a year-to-date figure ending in August. Whichever, they ‘blame’ increased border security and increased deportations, in addition to a slowing economy in the United States for ‘their’ loss. They are saying there is no work available here anymore. Can you say ‘guest worker’ program?
Looks like Mexico is going to have to learn how to take care of its own people and from within its own borders for a change. The bad guy here is Mexico’s government, not the United States government.
Since there is no compulsion in Washington or in Mexico, for Mexico to reimburse the United States for subsidizing them via remittances, and for letting the illegals here suck on the American teet, the question is whether the current financial crisis is enough for legal taxpayers to stand up and say ‘No Mas.’
Debt update. A watched clock never moves – unless it’s the National Debt Clock. In fact, the digital counter has been moving so much that it recently ran out of digits to display the ballooning figure: $10,150,603,734,720, or roughly $10.2 trillion, as of Saturday afternoon.
It will be replaced in 2009 with a new clock, said Jordan Barowitz, a spokesman for the Durst Organization. The new clock will be able to track debt up to a quadrillion dollars, which is a ‘1’ followed by 15 zeros.
Food update. Joey Chestnut, 24 year old eating champion from San Jose, CA and two time winner of Nathan’s Hot Dog eating contest has added another notch to his belt. This time winning a pizza eating contest. He downed 45 slices in 10 minutes Sunday to win the first Famous Famiglia World Pizza Eating Championship in New York’s Times Square.
Breaking down the numbers. At 8 slices/pie, Joey Chestnut ate 5 whole pies and 5 slices, in 10 minutes. Oooomph!