Since Roe vs. Wade legalized abortion, creating an abortion industry, we’ve seen 45 million unborn babies aborted in this country.
An estimated 17 million of them would be contributing to the economy today, paying taxes, and paying into Social Security; but they will not be there.
In 2025, when Social Security is projected to be in real trouble, I wonder if anyone will stop to think about the missing persons who might have averted it? They alone could not make up the entire shortfall, but they would’ve helped immensely.
Consider this. Social security was around for 40 years before 1973 without any “crisis.” Now let’s do a little math. Between 1973-1991, Americans aborted 28,511,400 citizens, people who would now be of working age. What would social security look like if we had 28,600,000 citizens working today and paying social security taxes? Would the baby boomers reaching retirement have anything to worry about if we had an additional 28,000,000 workers paying into the system?
Everyone knows that the problem with social security is demographic. We have more retirees demanding benefits and fewer young workers keeping the system running by funding it with their taxes.
So let’s take a step back and consider the 45,000,000 abortions since 1973. The problem with social security is only going to get worse. The retiree/worker ratio will continue to shrink. And future generations will pay heavy taxes to support the weight of social security, which means the economy will drag, and eventually we may even have another depression.
Economically speaking, forty-seven million missing people means that there are fewer jobs available in the medical, teaching, and manufacturing fields because there are fewer people who need the goods and services they provide. There are fewer workers spending, saving, and investing their wages in the national economy.
Those same [missing] workers would be contributing to Social Security, which, unless drastic measures are taken, will most likely collapse due to the extreme imbalance between the number of retiring Baby Boomers and the number of workers currently en-tering and supplementing the system.
The U.S. birth rate has dropped to the lowest level since national data has been available. In 2002 the birth rate fell to 13.9 per 1,000 – down 17 percent since 1990. This results in a demographic shift to an older population known as “population aging” where the share of the population of working age shrinks and the labor force grows older. This demographic phenomenon will have negative effects on the economy, especially as workers reach retirement age leaving fewer people engaged in productive work.
In 2008, the Social Security program tells us there were 3.2 workers for every retired, disabled, or survivor beneficiary. By 2030, though, there will be just 2.2 workers per beneficiary, that is, the taxes of two people will have to pay for the benefit that three people’s taxes now cover. That’s a heavier tax burden than either individuals or the economy will be able to bear.
Some of this is a consequence of the aging of the large baby boom generation and people generally living longer, but abortion is certainly also taking its toll.
According to estimates provided by political scientist Laura Hussey, Ph.D., of the University of Maryland, Baltimore County, if abortion had not been legalized in 1973, there would have been 17.2 million more people employed in 2008, earning nearly $400 billion in wages and salary. At the current rates, that would have meant more than $11 billion more contributed to Medicare and at least $47.4 billion more going to Social Security.
That is hardly the only way that abortion affects the economy. Fifty million plus fewer children means fewer teaching, manufacturing, health care jobs providing goods, services, education, and health care for those kids. That means fewer schools, plants, and hospitals being built and staffed.
The economic argument designed by pro- abortionists collapses when we examine children’s place in the economy as consumers, workers, innovators, and taxpayers. Most parents, however, and the millions of infertile couples who would love to become parents, will attest that they do not need to wait until a child reaches working age to consider her a worthwhile investment.
They will see her smile and feel her love long before then. Parents too may learn something from loving her, nurturing her, and taking responsibility for her well-being.
The fundamental reason why abortion is wrong is moral, not economic. We do not kill innocent human beings, no matter what the cost. But, as is often the cases what is bad moral policy is also bad economic policy.
There is no real economic benefit to abortion. And there certainly is a significant cost.