Annual childcare costs are a tremendous burden for the average family. This plays into the hands of the big-government cheerleaders…
I saw an article on social media, shared by a mother, about how expensive childcare is for the average family:
In news that will come as no surprise to parents, the latest report is out confirming that childcare is still expensive as hell for the average family. The Center for American Progress – an independent, nonpartisan policy institute – recently issued its yearly childcare cost report, along with fact sheets for all fifty states, and the bottom line is: Childcare is expensive AF.
Their solution is for politicians to pass laws that reduce the total childcare burden to no more than 10% of a family’s income. As a consequence, the economy will receive a “significant” boost. The boost is supposed to come from fewer women quitting their jobs to stay home with their kids until they’re old enough to be ushered into the school system.
The article links to a frightening analysis that argues that a 26-year-old mom who leaves the workforce for five years to stay at home with her kids will lose out on $467,000 over the rest of her life. We are supposed to infer from this that it’s really bad for a young mom to stay at home with her kids for those five years. But what can she do? Childcare costs are so expensive that it’s more affordable to stay home.
Woe is us!
If you follow the line of reasoning through this web of articles, they all lead to the same, but contradicting, conclusions: we need bigger government and fewer children.
WHERE WILL THE MONEY COME FROM?
Politicians are supposed to vote on financial aid in the form of tax credits to offset painful childcare spending.
But for the government to give greater financial relief to families, it needs to collect more taxes. This is evident, because the tax money it collects today is already spoken for. There’s no wiggle room. Over two-thirds of the budget is consumed by politically non-negotiable spending categories.
According to the Congressional Budget Office’s (CBO) report on the 2016 federal budget, 70% of the entire $3.85 trillion federal budget went to the following categories:
- Social Security ($910 billion)
- Medicare ($588 billion)
- Medicaid ($368 billion)
- “Defense” ($584 billion); and
- Interest on the debt ($241 billion).
So, to fund bigger subsidy payments for families who pay for childcare, the government will either need to redistribute the 30% of the budget that’s leftover (unlikely), or raise revenue. There are three ways it can do that: higher taxes, inflation, or debt…