New Blog

I am no longer posting on this blog. I have a new political blog called The Burning Itch, which is updated regularly.

June 23, 2007

Throwing Money Away - Presidential Elections

Officially, candidates for the 2008 Presidential Election have raised over $150 million, although that number is probably closer to $200 - 250 million by now. In 2004, the total contributions ran up around $880 million. The 2000 election drew in about $540 million. So, in less than a decade of presidential elections, about $2 billion dollars (adjusted for inflation) has been spent on bids for the White House. And that is just the tip of the iceberg. If you factor in all the money spent on elections for congress as well as the presidency, it's nuts. But let's focus on that 2 billion.

So what could you actually spend $2 billion on that wouldn't be a a complete waste? Well,
  • a loaf of bread costs on average $2, so a billion loaves of bread could be bought with all of those greenbacks.
  • About 4 million cheap $500 laptops could be bought for schools.
  • Over 16,000 full-ride scholarships to Harvard could be given out.
  • About 250 water treatment plants could be built in poor nations with bad water supplies.
  • 4,000 $500,000 homes could be given to the less fortunate
  • 0.023% of the nation's debt could be paid off
  • Over 1 million high-quality body armor vests could be purchased for soldiers in our armed forces
  • So much more...
So do you think all this money is going towards a worthy cause?

No comments: