There is no rational or compassionate reason to have children.
Since government is slavery (which it is regardless of opinion), having children is basically ensuring that they will not be free. You may be conscious and therefore raise them in a conscious way, but they will still be slaves in the physical world since government is how the archons control us in the 3D world. In fact, If your children grow up to be conscious human beings, this will only make their lives more challenging since they'll be surrounded by people who are asleep and therefore accept their own (and consequently your children's) enslavement.
If they are conscious enough to see the necessity of actively rebelling against the system by not voting, not paying taxes, not getting licences (which means permission) to do things they have the right to do and so on, this will make them a target of the system in the form of the government. In Australia, you even get fined for not voting, and they try to make your life difficult if you don't pay. This is the kind of world people keep bringing children into.
Seeing all this, it becomes obvious that there is no rational or compassionate reason to have children. Most conscious people had children while they were still asleep, and the few conscious people who have children after awakening are still ignorant of the true nature of the world they live in. They don't even understand the simple fact that government is slavery and the world is set up in such a way that its almost impossible to be free from it. In fact, it's basically impossible to not fund it in some way. You even get taxed when you buy food, after getting taxed when you get paid from your job that ultimately serves the matrix.