Political spending in presidential and congressional races projected to hit nearly $11 billion, shattering records

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This year's political spending to elect a president and Congress is on pace to hit nearly $11 billion, smashing all previous records, according to a new estimate by the nonpartisan Center for Responsive Politics.

That far exceeds the $6.5 billion that candidates, political committees and outside groups spent to influence presidential and congressional elections four years ago.The 2020 election"is going to absolutely crush anything we've ever seen -- or imagined -- before," Sheila Krumholz, the center's executive director, said in a statement."The unanswered question is whether this will be the new normal for future elections.

Former Vice President Joe Biden, meanwhile, reported collecting nearly $10 million in a three-hour window Tuesday night as he and President Donald Trump faced off in their first debate. Biden's campaign went on to collect $21.5 million online on Wednesday -- the best fundraising day of the 2020 race, a campaign aide confirmed to CNN.

 

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Too bad we have to fact check the media.

So nobody has any money but somehow politicians still bring in record numbers?

That money could have helped millions out of work. There should be spending limits.

this is not democracy, it is capitalism________

Soros is making it rain

That’s disgusting. Think what that $$$ could mean to poor

This is a disgrace, so money is necessary for health care 🤮🤮🤮🤮

That should tell us that no one goes to Washington for the people, but for themselves

Wasteful Americans as always. You treat $$$ like it literally grows on trees. No wonder those in power have little regard for it's value to 99% of your citizens. Keep enabling politicians in hopes they'll represent your best interests & not their own.

Newly Uncovered Transcripts Reveal Joe Biden Dropped the N-Word in Public Senate Hearing in 1986

When numbnuts hair dresser costs 70k.... it puts a lot into perspective....

Americans’ votes are compromised by the greed and selfishness of private equity wealth and corporate interests. Publicly-financed campaigns are the answer.

The shittier the candidates the bigger the budget. Shit can't sell itself. In the greatest depression of my lifetime, it's good to know money is spent on shit. NeverBidenNeverTrump

Next debate should put them in BOOTHS AS PAGEANTS. So Mr Trump doesn’t interrupt and let’s us here racha one platform. I turned it off. Disgusting, talking about many sons and he forgets he has one at home. Don’t do unto others what you don’t want done to you

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