Monday, October 12, 2009

Investing In Political Campaigns

Ever wonder what the rate of return is on those political donations businesses make to campaign funds? Well, these days it's a lot better than the stock market. When it comes to defense contractors, political campaign donations can return an average of nearly $610 on the dollar!

There are 18 Senators on the Senate Defense Appropriations Subcommittee. Among them they collected a total of $1.25 million in campaign contributions from 123 businesses receiving defense contracts earmarked by subcommittee members. An earmark is funding for a specific project written into the appropriations bill, which the Defense Department must spend on that project, whether the Defense Department really wants and needs the project, or not. The 123 businesses making the campaign donations received earmarks in the FY 2010 defense appropriations bill totaling $762.3 million, according to analysis by Taxpayers for Common Sense. That's a return on investment of $609.84 for every campaign dollar donated.
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