At a recent “Rise up for Roe” rally protesting the appointment of U.S. Supreme Court nominee Brett Kavanaugh, Chelsea Clinton credited Roe v. Wade with adding $3.5 Trillion to the U.S. economy. In the years following Roe v. Wade, she said, “American women entering the labor force added three and a half trillion dollars to our economy. Right?”
Unfortunately, her answer is wrong. In fact, abortion has taken the lives of 61.4 million Americans since it was first decriminalized in 1967 – an estimated half of them women.
But instead of adding $3.5 trillion to the economy, that loss of lives has caused a cumulative GDP deficit of $62.6 trillion that continues to climb with each passing year. By 2040, that cumulative deficit will likely reach $400 trillion.
In short, it is the biggest drag ever on the U.S. economy, which makes Roe v. Wade the most costly Supreme Court decision in U.S. history. It is also the greatest single obstacle to Donald Trump’s dream of “making America Great Again.” And the biggest lie ever told about the economic impact of any social issue.
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Unfortunately, her answer is wrong. In fact, abortion has taken the lives of 61.4 million Americans since it was first decriminalized in 1967 – an estimated half of them women.
But instead of adding $3.5 trillion to the economy, that loss of lives has caused a cumulative GDP deficit of $62.6 trillion that continues to climb with each passing year. By 2040, that cumulative deficit will likely reach $400 trillion.
In short, it is the biggest drag ever on the U.S. economy, which makes Roe v. Wade the most costly Supreme Court decision in U.S. history. It is also the greatest single obstacle to Donald Trump’s dream of “making America Great Again.” And the biggest lie ever told about the economic impact of any social issue.
(read more)
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