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Declining US Birthrate Is Another Reason to Rein in Federal Spending

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Initially, COVID-19 lockdowns were projected to produce a baby boom, but what ensued instead was a baby bust.

According to the Centers for Disease Control and Prevention, 2020 marked a record-low fertility rate of 1.64 children per woman and the sixth straight year with an outright decline in the number of births.

A fertility rate of 2.1 is needed to maintain a stable population.

The pandemic and all its uncertainty likely contributed to the 2020 decline, but birthrates were already declining well before the COVID-19 pandemic.

American women have been having fewer children for some time now. The 3.605 million babies born in the U.S. in 2020 were 712,000 fewer babies than the 2007 peak in U.S. births.

And that fertility rate of 1.64 marks a significant decline from rates of about 2.0 in the early 2000s, and a peak of 3.77 in 1957.

As steep as the decline is in U.S. births, the increase in U.S. debt has been even more dramatic.

In 2020 alone, U.S. debt shot up by $4.21 trillion—a........

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