Abortion is a $35 TRILLION drag on the US economy

The instability of the financial markets and the economy make abortion seem like an irrelevant matter. I remember the night of the '06 election in South Dakota when Referred Law 6 was defeated. Local liberal Todd Epp said on a KELO news program, "now we can move to things that really matter." It's a chilling comment to those of us who know we will all soon stand before the Author of Life and have to explain why we were more concerned about gas prices than the plight of living human beings who are being dismembered in their mothers wombs.

In sixty seconds or less I can make a water tight case in terms of the connection in the Bible between a faltering national economy and the toleration of the shedding of judicially innocent blood. And now we know the cost of abortion is far greater than the $335 million taxpayer dollars that fund Planned Parenthood every year.  Dennis Howard, President of the Movement for a Better America, has been researching the economic impact of abortion since 1995. In a news release today he reports;

The 50.5 million surgical abortions since 1970 have cost the U.S. an astonishing $35 trillion in lost GDP…. Far too many people look on abortion as some kind of free lunch. You pay your money and the deed is done. Out of sight, out of mind. 

I encourage you to read his report the "Economic Impact of Abortion."  Here are some highlights from his brochure on how abortion is destroying America;

1. 48.4 million abortions is equivalent to the population of our 60 largest cities.

2. It adds up to a 30% loss in the younger generation under age 34. Nearly 1 out of 3 of this generation has been aborted.

3. Abortion has major social and economic costs as well. The estimated loss in downstream tax revenues exceeds $14 trillion — more than twice our current national debt. It is, in fact, the greatest tax increase of all time. Even if abortion ends, it will take more than a generation to recover. We must begin now.

4. The annual bill in lost GDP already exceeds $533 billion and will double to over $1 trillion within the next 10 years. Nothing else has ever had a more depressing effect on the U.S. and the world economy. If we want a better world for ourselves and our children, it is time to start raising a great hue and cry.

5. Abortion is driving the greatest health care crisis in history just ahead.  As baby boom nurses and teachers retire, we face a looming shortage of 1 million nurses and 2 million teachers, not to mention critical shortages in such key professions as science, medicine, and higher education. Abortion and more efficient birth control have erased more than half our future human resources. With a growing number of elderly in need of critical care, the only way to ease this crisis is to end abortion now.

6. Another consequence is a disastrous shift in the supply-demand equation that underlies our economy.  Kids contribute to demand even before they are born, but they don’t compete in the work force for 20 years. That’s why 48  million abortions represent a huge loss in consumer demand.  If all those babies had been born, our fast-paced economy would still be going strong; but if we fail to end abortion, America’s role as a world economic leader may well come to an end within the next 20 years.

7. The abortion boom is also behind the coming crisis in Social Security and Medicare. We used to have as many as 16 people in the workforce for every person on Social Security. Soon, there will be only two.  To save these programs from bankruptcy, the Congressional Budget Office has estimated that tax rates may have to rise to as high as 82%. 

South Dakotan's have an opportunity in 18 days to do far more for the economy than any government bailout. By dealing a mortal blow to abortion on demand we are sowing the seeds of prosperity for the generations to come.