Idaho Chooses Life | Right to Life 

Breaking NewsRSS subscription options

Tuesday, October 16, 2007

Abortion Plague Has Huge Economic Effect

We began a discussion yesterday about the essential linkage between economics and the abortion holocaust. Many in the media perennially argue that abortion is some weird “social issue” without a serious constituency or material impact on the business interests which dominate the Republican Primary. This debate recurs with vigor around presidential politics.

Yesterday also brought news that the first “Baby Boomer” has applied for early Social Security benefits.

If one needed monumental evidence that unbridled abortion carries an overwhelming economic impact, one needs look no further. David Walker, Comptroller General of the Government Accounting Office spells out a harsh economic future:

“We face a tsunami of [government] spending due primarily to the retirement of the baby boom generation and rising health care costs,” Walker told FoxNews. “So what’s happened is we’ve gone from 16 workers paying into Social Security for every person drawing benefits in 1950, to 3.3 today, and we’re going down to two to one by the time the boomers retire in big numbers. That’s where it will stay over the long run.”

Former Democrat Congressman Tim Penny (a pro-Lifer, by the way) explains the impact:
“By 2017, just ten years from now, we will no longer be collecting enough payroll taxes to pay Social Security benefits.”

We’re talking about an annual budget shortfall (in current dollars) of something close to $300 billion. Over the next 75 years, the federal government will be in debt to the tune of $50 trillion – just to cover Social Security and Medicare obligations.

Peter Weisbach, national radio talk show host, did a program last week on the “Pyramid Scheme”. He argued that both national parties are sorely compromised by their understanding of Social Security’s potential to bankrupt the national economy. The system demands greater and greater numbers of contributing workers to keep the cash flowing; given the nation’s high abortion rate – that means a profound dependence on immigrants to fill the gap.

Let’s put the abortion numbers in context. Estimates are that some 50 million American citizens have been legally slaughtered since 1973. Yesterday began the retirement of 75 million “baby boomers” – the same people who have been systematically killing their own future.

Those 50 million babies would, for the most part, be productive workers and middle managers in the American economy. It doesn’t take much imagination to realize the huge, and missing, contribution these folks should now be making to Social Security and the economy as a whole.
So we can see that there are profound national security and economic impacts of the abortion holocaust.

Leaders of the national economy, leaders of the Republican Party, would do well to confront the abortion epidemic for its moral, economic and national security implications.

Subscribe to Idaho Chooses Life commentaries.

Enter your email address:

RSS subscription options RSSMore information

Add to Google

Add to My AOL

ItemAdd this RSS feed to your Outlook or Outlook Express. More information

ItemGet Idaho Chooses Life Posts on your cell phone. More information

  

Heroes of the pro-life movement | This month in history | Links to other pro-life organizations            Legal | Site Map