Economic conservatives are worried about the runaway tax and spend potential of President Obama's health care initiative. They are worried that "before this thing is through, it could cost us $1.6 trillion and still not solve the health care problem."
But that's not even half the real story.
What the eco-conservatives are overlooking is the hidden cost of federal funding of abortion as part of an "essential benefits package" that will be imposed on everyone unless it is explicitly excluded from the legislation. Right now, the Democrats are opposed to such an exclusion.
If the health care bill passes without this exclusion, taxpayers will be forced to pay for other people's abortions whether they like it or not. And the $1.6 trillion the eco-conservatives are worried about will only be the tip of a very large iceberg.
That's because abortion has a huge hidden economic cost. It's the loss in future GDP represented by all those babies who never had a chance to grow up to become the future workers, consumers, taxpayers, and parents the nation needs to sustain future economic growth.
This is something the younger generation better start worrying about. People under 40 will still be paying taxes 40 to 80 years from now, so they will take the biggest hit from this phenomenon. And since their numbers have already been depleted by abortion, that means even fewer shoulders on which to rest a much bigger burden.
We've already had over 60 million abortions since 1967. That's a whopping 30% of our under 49 population. If we had a war that took that kind of toll, we would have run up the white flag decades ago. The pro-aborts just don't give up that easily.
What they don't want to admit is that people are our country's most important renewable resource. Ever since Roe v. Wade, we've been depleting that resource with abandon.
The hidden cost of those 60 million abortions has already reached an estimated $54 trillion in lost GDP. Assuming a 33% tax rate, that's more than enough to pay off our entire current national debt.
If all those kids had lived, we wouldn't be in the mess we're in.
Looking forward, the picture is even grimmer especially if we keep subsidizing abortion. That's exactly what the pro-choice politicians propose to do by sending you the bill for other people's abortions.
GDP per capita is now about $54,000 a year, and, until the recent economic slump, it was compounding at a rate of 4% a year. Per capita GDP is a measure that includes everyone from the cradle to the grave. But every baby we abort is one less contributor to GDP, not just for today, but for a lifetime and beyond.
Every child we abort today costs us $25 million in future GDP over a lifetime. And abortion takes a huge toll of other jobs. Babies don't compete for jobs with the rest of us for their first 20 years. They create jobs for everybody else: doctors, nurses, teachers, homebuilders, retailers, you name it.
And then there is the "echo effect." None of those 60 million will be around to have children in the next generation, so that 60 million loss will echo down the centuries for generations to come. It took Europe 250 years to recover the "Black Death," it will take us at least that long to recover even if families starting having 3 or more children.
If there ever was a major job killer, it is the baby-killing industry.
Yet people we send to Congress continue to subsidize Planned Parenthood to the tune of $540 million a year. That's $1,500 for every abortion Planned Parenthood performs. Now Congress wants to compound that by making you pay again . . . and again . . . and again.
So, unless abortion is explicitly excluded from Obama's health care plan, get ready for even higher taxes. Whether it's your abortion or someone else's, you're going to get the bill.
Planned Parenthood estimates that the number of abortions will rise by 20% or more if the Obama health care bill passes. That will take abortions back to levels not seen since the mid-1980's. And that means even bigger losses in future GDP.
Thanks to the magic of compounding, by 2040 to 2050, we're already looking at cumulative GDP losses of $400 trillion dollars or more just from abortion. Add another 20% to 35% to that, and we're talking about really serious money.
That's why the abortion epidemic is a "fast track to national suicide." It is far more significant than anything else that we might do to reinvigorate the economy.
In his book, Obamanomics, John Talbott lists "25 Greatest Threats to our Prosperity." (Oddly abortion is not one of them!) High on his list are World Poverty ($100 trillion), Global Warming ($60 trillion), Globalization's Nasty Side Effects ($60 trillion) . . . all the way down to Terrorism ($5 trillion).
His terrorism tab is laughable. We've already exceeded it. And nearly all of the others are based on numbers conjured up in someone's imagination.
My estimates, on the other hand, are based on hard-rock numbers. GDP per capita is a measure that is used universally throughout the world. Indeed, my estimates are in fact far more conservative than those employed by government agencies like EPA in the cost/benefit analyses they use to plan their spending. If we used the EPA numbers on the cost per life saved by their multi-billion programs, the cost of abortion to date would be more like $700 trillion.
But try telling that to some politician who believes that abortion is some kind of free lunch. Sure, it looks "free" to a guy who wants to avoid the responsibility of paying 21 years of child support, but the baby's only crime is wanting to call him "Daddy" for the rest of his life.
For the rest of us, it adds up to more of what we have been experiencing for the last 40 years: declining personal incomes, a shrinking economy, lost jobs, rising taxes, and less freedom as the Nanny State takes over more and more of our personal lives.
In short, abortion is the biggest con job ever perpetrated on the American people.
But you have a choice. If you want bigger tax bills, a grimmer future for your children and grandchildren, and more government encroachment on your right to life, liberty, and the pursuit of happiness, just go back to sleep and forget you ever read this.
But if you are ready to stand up for life, liberty, and the pursuit of happiness, join this movement to help restore common sense to American life and politics.
Send your comments to:
The Movement for a Better America, Inc.
PO Box 472. Mt. Freedom, NJ. 07970-0472