Even if a few cloned babies are born apparently normal we will have to wait up to 20 years to be sure they are not going to have problems later -for example growing old too fast. Every time a clone is made it is like throwing the dice and even a string of "healthy" clones being born would not change the likelihood that many clones born in future may have severe medical problems. And of course, that's just the ones born. What about all the disfigured and highly abnormal clones that either spontaneously aborted or were destroyed / terminated by scientists worried about the horrors they might be creating.
2. Emotional risks - a child grows up knowing her mother is her sister, her grandmother is her mother. Her father is her brother-in-law. Every time her mother looks at her she is seeing herself growing up. Unbearable emotional pressures on a teenager trying to establish his or her identity. What happens to a marriage when the "father" sees his wife's clone grow up into the exact replica (by appearance) of the beautiful 18 year old he fell in love with 35