You're wrong, look at the data. There are 75,000+ graduates of bachelors and masters programs in the US each year, with many more in related majors and in bootcamps, where the BLS data predicts an industry growth for software developers (including standard, applications, and systems) of around 600,000 workers between 2016 and 2026.
You can make the argument that many of those with degrees aren't as skilled as companies would like, and in turn they seek employees from abroad, but it's blatently false that the US isn't graduating enough engineers to meet demand.
You can make the argument that many of those with degrees aren't as skilled as companies would like, and in turn they seek employees from abroad, but it's blatently false that the US isn't graduating enough engineers to meet demand.