In what can only be described as bizarre, former-First Daughter Chelsea Clinton stated at this past weekend’s “Rise Up For Roe” pro-abortion rally held in New York City, that the 1973 Supreme Court decision to legalize abortion has pumped literally trillions of dollars into the American economy.
Doubling as a Brett Kavanaugh bashing, as reported by Breitbart.com, Clinton stated;
It is not a disconnected fact … that American women entering the labor force from 1973 to 2009 added three and a half trillion dollars to our economy. … The net, new entrance of women — that is not disconnected from the fact that Roe became the law of the land in January of 1973.
So, I think, whatever it is that people say they care about, I think that you can connect to this issue. Of course, I would hope that they would care about our equal rights and dignity to make our own choices — but, if that is not sufficiently persuasive, hopefully, come some of these other arguments that you’ve expressed so beautifully, will be.
However, Becket Adams of the Washington Examiner has published three very interesting thoughts regarding Clinton’s less-than-verifiable claim;
First, I thought it wasn’t about the money. I thought it was about choice and personal autonomy. Clinton’s focus here on the supposed economic benefits of Roe is unsettling. To endorse it as a money-generator is one step away from endorsing termination-for-profit. And why not? If Roe added $3.5 trillion to the economy, then let’s up those numbers! Let’s do it and be rich! If personal profit is the real game – well, at least Clinton is being honest. So much for safe, legal, and rare.
Second, there may be a correlation between the $3.5 trillion added to the U.S. economy and the Supreme Court’s Roe v. Wade decision, but it’s not a clear-cut thing.
While we’re here, let’s talk more about the drain that the average cost of obtaining an abortion ( $300 – $800) has been on the U.S economy. Let’s talk also about the cost of eliminating an estimated 60 million persons from the national workforce.
While America has fallen below the fertility rate of 2.1 children born to every couple to an all-time low of 1.8, Clinton failed to mention the potential income of the 60 million+ slaughtered citizens since Roe v. Wade.
With abortion legalized in 1973, the number of Americans in the labor force (according to the Bureau of Labor Statistics) was 85.299 million.
According to the Social Security Administration, the total number in 1973 of those qualified retired workers and their dependents and/or survivors, as well as disabled workers and their dependents stood at 29,513,677.
Using simple math, to calculate the number of workers supporting those drawing SS (divide the larger number by the smaller number), in 1973 the ratio was one SS recipient per 3.29 working Americans pumping their hard earned pay into the government scheme.
Also directly from the Social Security Administration;
For the past 35 years, there have been about 3.3 workers per beneficiary (consistent with the ratio of 30 beneficiaries per 100 workers). After 2030, the ratio will be two workers per beneficiary (consistent with 50 beneficiaries per 100 workers).
For those blessed enough to have children or grandchildren this calendar year, the same Social Security will go broke when they’re 19. As noted by the Social Security Administration;
Benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.