Rational Nation USA
Purveyor of Truth
If one wants to know the problem with our political system they need look no further than the money. OpenSecrets.org has pegged the cost of the upcoming mid term elections at almost four billion dollars. Given the gridlock, political ineptitude, lack of serious statesmanship (predominately on the art of republicans), and the generally dismal state of the nation that has dogged us for the last six years and more shouldn't this colossal waste of resources be questioned?
Almost $4 billion will be spent for this year’s midterm election, the Center for Responsive Politics is projecting. That figure makes this year’s election by far the most expensive midterm ever. The candidates and parties alone will combine to spend about $2.7 billion, while outside groups will likely spend close to $900 million on their own — a figure that veers close to the $1.3 billion spent by outside groups in 2012, when the hyper-expensive presidential race was fueling the fire.
By the end of the battle, when totals for every category are added together, Team Red will outspend Team Blue, CRP projects. GOP and conservative-leaning candidates, party committees and outside groups will spend at least $1.92 billion, compared to at least $1.76 billion their rivals on the Democratic and liberal-leaning side will spend.
As with the 2012 cycle, the explosion in outside money is a dominant theme of this election’s spending story. So far, at least $663.3 million has been spent by outside groups like super PACs and 527s (a figure that is current within the last 48 hours), but CRP’s projections based on the pattern in the 2012 cycle indicate that at least another $233.5 million remains to be spent in the 12 days before Nov. 4; that’s a rate of $19.4 million a day.
Overall, liberal outside groups — including 527s — have spent $308.9 million so far, while conservative groups have spent $327.1 million. CRP is projecting that by Election Day, that dynamic will have flipped, with liberal outside groups slightly outspending conservative outside groups, $433 million to $424 million.
Those figures, however, come with a major caveat. Our estimate is based on spending disclosed to the FEC. Again, certain ads don’t have to be reported, and it’s difficult to get a fix on exactly how much they cost. ...
Overall, it’s likely that at least $100 million in spending is not being counted, and that money leans distinctly to the right, records filed with the Federal Communications Commission indicate. If that’s an accurate estimate, any advantage the liberal outside spending groups have over conservative ones will be washed away by Election Day.
Much more BELOW THE FOLD.