Politics

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Republican primary spending projected to approach or surpass $1 billion (www.npr.org)

submitted 1 year ago by Exaggeration207 to c/politics

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Like a never-ending arms race, the price to become president has skyrocketed.

In 2020, almost $6 billion was spent on the presidential race alone, roughly four times what it cost two decades ago. (Even adjusting for inflation, it cost almost three times as much as in 2000.)

Including congressional races, the cost was more than $14 billion, double that of 2016.

In the last open GOP primary in 2016, candidates spent roughly $400 million, followed closely by super PACs, for $768 million in total primary spending, according to the former Campaign Finance Institute (which has since merged with Open Secrets).

In this cycle, candidate spending is expected to jump to at least $500 million with super PACs again spending about the same or a little less than the campaigns.

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[–] dumples@kbin.social 8 points 1 year ago

What a waste. That money can really be better spent on almost anything else. Citizen United really messed everything up