Pelosi: Contraception is Good Stimulus for the Economy

January 26, 2009 RSS Feed Print

Madam Speaker Nancy Pelosi on birth-control funding as part of the $825 billion stimulus package: "Well, the family planning services reduce cost. They reduce cost. The states are in terrible fiscal budget crises now and part of what we do for children's health, education and some of those elements are to help the states meet their financial needs. One of those - one of the initiatives you mentioned, the contraception, will reduce costs to the states and to the federal government."

Me: This is wrong on so many levels, one of which is looking at children born to the "wrong people" as economic burdens rather gifts, the music makers, the dreamers of dreams. She sees them as a cost instead of blessed benefits. Wow. Maby this purely economic argument from the book Empty Cradle by Phil Longman will sway her:

Population aging also depresses the growth of government revenues. Population growth is a major source of economic growth: more people create more demand for the products capitalists sell, and more supply of the labor capitalists buy. Economists may be able to construct models of how economies could grow amid a shrinking population, but in the real world, it has never happened. A nation's GDP is literally the sum of its labor force times average output per worker. Thus a decline in the number of workers implies a decline in an economy's growth potential. When the size of the work force falls, economic growth can occur only if productivity increases enough to compensate.

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fore_xstra_tegy of AL 11:58AM November 30, 2009

Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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