Tuesday, October 26, 2010
House Candidates To Spend Over $1 Billion On Elections
The combined cost of the 2010 elections for the House of Representatives will total well more than $1 billion, according to a new analysis by a nonpartisan watchdog group.
Public Campaign Action Fund is pegging the final price tag for this year's House elections at a jaw-dropping $1.45 billion dollars, a 54 percent increasing in spending from 2008.
The total is not set in stone. The group came to the figure after analyzing data compiled by the Center for Responsive Politics through the first three quarters of this year. But the trend lines all portend a historically pricey election and not just on the spending side. House candidates are also on pace to raise $1.275 billion, up from the $921.5 million in 2008 (the spending totals are higher then the fundraising totals because projections are based on 3rd quarter data, when candidates had yet to spend all the cash they've raised).