Charles Payne is a Fox Business Network contributor and CEO of Wall Street Strategies, an independent stock market research firm.
Payne is also a contributor to
Payne attended Minot State College and Central Texas College during his time in the United States Air Force.
By Charles Payne, CEO & Principal Analyst
Much has been made this week about the so-called morning after pill that allows women to effectively abort within hours of sexual intercourse. There is the social argument that goes hand and hand with abortion, but there is another angle to this current story that is not only heartbreaking but has major economic implications. Allowing girls as young as 15 to purchase the pill over-the-counter, no questions asked, on one hand some argue this saves them from becoming pregnant and having to enter parenthood at such a young age.
The more practical point is this actually gives girls that may have been intimidated the green light and eventually result in early parenthood that overwhelmingly means single parenthood. This is not only an economic dungeon for the mother but also her children growing up in poverty and squalor. It's a mean-spirited cycle where the would-be heroes actually doom girls and young ladies to a life of dependency. Some believe that's the goal anyway, but even if it's a sincere position, in the end its backfires miserably.
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