Republicans on the Joint Economic Committee recently reported some sick numbers about abortion and what it costs the United States.
“Nearly 630,000 abortions cost the United States roughly $6.9 trillion in 2019 alone, according to a report released this week by Republicans on the Joint Economic Committee (JEC),” reports Breitbart News.
“The committee released the report in response to claims by U.S. Treasury Secretary Janet Yellen and other economists that restricting abortion would negatively effect the economy by diminishing labor market outcomes of women,” according to Breitbart News.
CHILLS. @SenatorTimScott delivers a stunning rebuke to Janet Yellen claiming black women need abortions to succeed: “I’ll just simply say that as a guy raised by a black woman in abject poverty, I am thankful to be here as a United States senator.”
— Mary Margaret Olohan (@MaryMargOlohan) May 10, 2022
“The report differentiated itself from previous government agency reports, noting the economic cost of abortion from the perspective of unborn babies has ‘been omitted from previous analyses,'” reports Breitbart.
The report states:
Applying standard valuation methods used by government agencies to assess the costs and benefits of policy actions that affect mortality risks, we estimate that the economic cost of abortion to unborn babies in the U.S. was $6.9 trillion in 2019, 32 percent of gross domestic product (GDP) that year. This cost is 425 times larger than the $16.2 billion loss in earnings that new mothers would be expected to incur over the first six years of the child’s life.
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