Saturday, May 03, 2008

Family Issues are Fiscal Issues

Ever since I wrote Love and Economics, I have been trying to explain to economists, libertarians and fiscal conservatives that the family is a fiscal issue. Now, the Institute for American Values comes along and documents this point by point, state by state. Here are a few highlights.
family fragmentation costs U.S. taxpayers at least $112 billion each and every year, or more than $1 trillion each decade.

Me: This is the equivalent of the entire Gross Domestic Product of New Zealand.
Of these taxpayer costs, $70.1 billion are at the federal level, $33.3 billion are at the state level, and $8.5 billion are at the local level. Taxpayers in
California incur the highest state and local costs at $4.8 billion.

Me: CA now faces a state budget deficit of around $12 billion. This means that family fragmentation accounts fo over a third of CA's deficit.

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