Update: I misread the original article as Planned Parenthood getting billions of dollars instead of millions.  A stupid mistake after a long weekend, so clearly the group isn’t outpacing the war in Iraq in terms of government spending.  Even so, that they get any tax dollars is an atrocious misuse of public money.  The post below is left intact for the sake of transparency

Planned Parenthood’s business is killing unborn children, and business is apparently pretty good:

A new annual report from Planned Parenthood shows the nation’s largest abortion business has made over $1 billion in income for the first time in its history. The non-profit pro-abortion group shows the historical gain in its new annual report covering 2006-2007.

While Planned Parenthood made $972 milion in its 2005-2006 annual report, last fiscal year it brought in $1.017 billion.

On its web site posting of the annual document, Planned Parenthood says it “highlights our advancements in providing and protecting trusted health care services and medically accurate sexuality education.”

Instead, the report finds Planned Parenthood doing more abortions than ever before.

The report shows an increase in the number of provided abortions from 264,943 in 2005 to 289,650 in 2006.

Planned Parenthood reveals it has doubled “excess of revenue over expenses” funds from $55.7 million in 2005 to $112 million in 2006.

This, in particular, irks me:

Of concern to pro-life groups, Planned Parenthood acknowledges the receipt of over $336 million in government grants and contracts from both state and federal governments. However, the abortion business provides no breakdown showing how much Planned Parenthood received from the federal government or specifics states.

Abortion is perhaps one of the most divisive political issues in the country, and Planned Parenthood is perhaps the biggest player in pro-abortion advocacy.  Meaning that $336 million of our tax dollars is going to support and promote abortion.  To put that in perspective, in 2007 we spent $133.6 billion on the war in Iraq.  Meaning that Planned Parenthood just over 2.5 times more money in a single year then we spent on the war in Iraq.

And the funding that went to Planned Parenthood resulted in a lot more deaths than the funds that went to Iraq.

Fair?  Not even a little bit.  And don’t expect the left or the media, despite being oh-so-worried about Iraq war spending, to blink an eye at it.