When the Heritage Foundation published its report on the huge cost of the proposed immigration reform package, there was criticism of its methodology. (See here for the background on this story.) One was that the report’s estimated net cost to the economy of $6.3 trillion was arrived at by projecting over the next fifty years and no one takes seriously such long-term projections. Even numbers ten years out are highly iffy. The suspicion was that fifty years was chosen to get a large dollar number that was scary and/or because in the short run there would actually be net plus to the economy due to younger immigrant workers contributing more, while the costs would increase when they became older and reached retirement [Read more…]