Feb. 17th, 2013

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by Alan Caruba:

The decrease in the fertility rate is not just an American problem. It is global and we are seeing this in Europe where socialism has been practiced even more briskly than here. As Last points out, “97% of the world’s population now lives in countries where the fertility rate is falling.” It translates into lost productivity and pressures on governments that attempt to prop up and maintain their economies through excessive borrowing. The U.S. government borrows about 40 cents of every dollar it spends.

So the President and Congress face the problem of an aging population, too few new babies being born, and economic policies—increased taxation—that work against the decision to have children. Children are expensive. The “perverse effect of putting government in the business of eldercare has been to reduce the incentives to have children…”

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