Proposals in the Senate immigration bill to legalize the nation's 11 million undocumented workers and expand the guest worker program will cost the government billions as more people become eligible for Obamacare, according to a new Congressional Budget Office analysis.
The CBO predicts that workers at the top and bottom of the income scale will also face higher rates of unemployment and lower wages as they compete with newly legalized immigrants, according to the Washington Times.
The CBO calculated the bill would cost $87 billion more in subsidies for immigrants who qualify to buy insurance on the new Obamacare health exchanges. While the newly legalized won't be eligible, guest workers and several other categories of work visa holders, would be.
The CBO also estimates that if the bill is passed by Congress and signed into law, an additional 10.4 million people will be living in the United States by 2023.
WE ARE SO SCREWED