Who Pays for the Political Conventions? (Hint: You probably won’t like the answer.)

Hey, everyone likes a party right? And what’s better than a party you have to pay for? A party someone else has to pay for of course!

Sadly most of us aren’t invited to these parties and we are the ones picking up most of the tab, so lose lose for us. (Big corps pony up some of the cost as it is a good chance to show the wonks and delegates how good a corporate partner one can be. Duke Energy for instance paid for much of the DNC in Charlotte in 2012. Wonder why they did that?)

But it’s good that we have something for the political class to do during the summer. Martha’s Vineyard let’s be honest can get a little boring am I right? I mean now that the Kennedys aren’t what they used to be it can be such a snooze.

(From About.com)

American taxpayers help pay for the political conventions held every four years by both the Republican and Democratic national committees. The conventions cost tens of millions of dollars and are put on even though there have been no brokered conventionsand every presidential nominee in modern history has been chosen well beforehand.

Taxpayers directly contributed $18,248,300 million to the Republican and Democratic national committees, or a total of $36.5 million, to hold their presidential nominating conventions inElection 2012. They gave similar amounts to the parties in 2008.

In addition, Congress set aside $50 million for security at each of the party conventions in 2012, for a total of $100 million. The total cost to taxpayers of the two national party conventions in 2012 exceeded $136 million.

Click here for the article.

http://www.againstcronycapitalism.org/