For months the media has been forecasting a major economic recession, and yet American taxpayers are still forced to fund this $1.12 billion empire. PRNewswire reports:

“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.

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