Tag: Spending

Creeping Plutocracy after ‘Citizens United’: How US Election Spending skyrocketed to the GDP of some whole Countries

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Currently Trump is out of noney

The 2020 election cycle is forecast to smash previous spending records, with the Center for Responsive Politics estimating it will cost US$11 billion. That would be comparable to the 2019 GDP of Equatorial Guinea or Chad.

Creeping Plutocracy after ‘Citizens United’: How US Election Spending skyrocketed to the GDP of some whole Countries

Election 2020 sees record $11 billion in campaign spending, mostly from a handful of super-rich donors

Total spending in the 2020 federal elections is projected to set a new record of almost US$11 billion by November. When adjusted for inflation, that’s over 50% higher than 2016 election spending. This year’s federal election spending – for the presidency, the Senate and the House of Representatives – is on track to be double what it was in 2008.

The real challenge for American democracy is where this money comes from.

Election 2020 sees record $11 billion in campaign spending, mostly from a handful of super-rich donors

As Global Military Spending Hits Nearly $2 Trillion, These Weapons Are Useless Against Biggest Threats We Face | The Smirking Chimp

It’s time for the global community to come together in the realization that weapons don’t make us safer. Investment in people—including public health and global cooperation—is infinitely more important than propping up the military-industrial complex.

Fortunately, advocacy and community groups across the world are already mobilizing for change. Even during a time of social distancing, people are finding ways to come together and demand better from our governments.

As the leading military spender, the U.S. has an important leadership role to play in transitioning the world away from military spending and towards spending public funds on things that actually build more resilient communities.

If we’re successful, the next generation will get to experience well-funded public health systems, peaceful societies, and the many benefits that come along with investing in people rather than the Pentagon.

via As Global Military Spending Hits Nearly $2 Trillion, These Weapons Are Useless Against Biggest Threats We Face | The Smirking Chimp