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This is inconceivable to me:
“It is absolutely incredible,” said Jim Sedlak, vice president of American Life League, “but the annual report just released by Planned Parenthood Federation of America shows that $114 million of the government funds received by Planned Parenthood were not needed and only increased the abortion giant’s assets.”
Sedlak was referring to the 2006 — 2007 PPFA annual report released late last week. The report shows that PPFA had a total income of $1.02 billion. Of that total, $258.7 million came from donations; $366.9 million came from fees charged customers at its clinics; and a whopping $336.7 million came from the American taxpayer.
The report also showed that PPFA recorded a profit of $114.8 million and increased its total assets to $1.12 billion.
“Taxpayer money represents 33 percent of Planned Parenthood’s income,” continued Sedlak, “yet it is clear that it does not need all this money. In these days of financial hardship all across the country, why are American taxpayers being forced to fund a billion dollar corporation that clearly does not need the money?”
Sedlak called for the immediate cessation of all taxpayer funding of Planned Parenthood and asked all concerned citizens to go to www.StopPlannedParenthoodTaxFunding.com and sign the petition demanding the halt of Planned Parenthood’s pillaging of our taxpayer monies.
Didn’t the Democrats go after the oil companies for profit margins like this? Will they go after Planned Parenthood? Doubtful!
Michelle has more
Trackposted to Outside the Beltway, Maggie’s Notebook, Adam’s Blog, Right Truth, Shadowscope, Stuck On Stupid, Conservative Cat, Adeline and Hazel, D equals S, third world county, Allie is Wired, DragonLady’s World, The World According to Carl, Pirate’s Cove, The Pink Flamingo, , and Tilting At Windmill Farms, thanks to Linkfest Haven Deluxe.
29 Responses to “Planned Parenthood: $114 million of the government funds received by Planned Parenthood were not needed and only increased the abortion giant’s assets”
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