The fact that it costs more to put someone to death than to put them in prison for life is a well-known fact - something I've known since I was in gradeschool. There is a whole slew of information here for starters:
http://www.deathpenaltyinfo.org/arti...did=108&scid=7
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And a justice system that finds the guilty innocent is just as bad as one that finds the innocent guilty.
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This is ENTIRELY contrary to the design of our justice system and patently false IMO. The whole purpose of a justice system is to protect the innocent - through giving them proper justice and through actions against the guilty. If innocent people are then being incarcerated and, worse yet, KILLED by the very justice system that is supposed to protect them, it does not work. An innocent life IS more valuable than a guilty life (something which you must agree to in order to support the death penalty) and, thus, one cannot accept the killing of innocent life as a trade-off for the taking of a guilty life.