The Washington Times - January 29, 2009, 07:26AM

A government-approved enterprise allows foreigners to gain permanent U.S. residence by investing $1 million in a cash-strapped condo project in Florida, the Orlando Sentinel is reporting.

Foreigners get a conditional visa for investing in the project, and if they can prove within two years that their investment has created 10 jobs, they get full residency.

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About 105 investment/residency slots are available.

This isn’t, like, selling U.S. citizenship, is it?  Because I don’t know if $1 million reflects market value.  Wholesalers could making a killing.

Instead of investing for citizenship, maybe we could just auction it off to the highest bidders.  Or hold a high-stakes lottery — and turn it into a game show, like “Who Wants to be an American?” or “Are You Richer Than a Stockbroker?”

Of course, we should change the inscription on the Statue of Liberty.  Just add a few words: “Give me your tired, your poor, your huddled masses yearning to breathe free, the wretched refuse of your teeming shore. But move those high rollers and big spenders to the front of the line. And give them a latte.”