Home / Keynesianism / $36.4 Million to Fund Political Party Coventions
Print Friendly and PDF

$36.4 Million to Fund Political Party Coventions

Written by Gary North on June 25, 2012

This year, the U.S. Treasury will fork over a grand total of $18.2 million each to the Republican Party and Democrat Party, so that they can have a good-old time at their national conventions.

The grants for the major parties’ conventions and general election nominees are adjusted each Presidential election year to account for increases in the cost of living. The major parties are each entitled to $4 million (plus cost-of-living adjustments) to finance their national Presidential nominating conventions. The major party nominees may each be eligible for a public grant of $20 million (plus a cost-of-living adjustment) for campaigning in the general election.

In 2012, each major party is entitled to $18.2 million in public funds for their conventions, and the parties’ general election nominees are eligible to receive $91.2 million in public funds.

What is the official justification of this expenditure? This: “to reduce the role of large private contributions in Presidential elections.” Somehow, I find the official reason hard to believe.

How much money are the two parties likely to spend on the Presidential race in 2012? National Public Radio has estimated $2 billion, total. Some skeptics dismiss this. They say that Obama raised only about $750 million in 2008.


So, to keep private donations this low, the Treasury will put up $36.4 million to pay for the two conventions.

While few people watch the conventions on TV any longer, we all know that national political conventions are part of the national heritage.

Then there are economic considerations. Think of all those hard-working ladies of the evening in Charlotte and Tampa whose businesses need a shot in the arm, so to speak. Keynesian tells us that government spending creates wealth. The money has to be injected into the economy at specific points. Why not at the two conventions?

This is the nation’s civil act of covenant renewal every four years. It is the equivalent of the church’s ritual communion. This is a religious act. The federal government wants to participate. That is what the $36.4 million price tag is all about.

Continue Reading on www.fec.gov

Print Friendly and PDF

Posting Policy:
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

6 thoughts on “$36.4 Million to Fund Political Party Coventions

  1. The Treasury is correct, but only partially.

  2. Why? What has either party done to justify taxpayer dollars being spent on their beauty pageants? Let their corporate sponsors pay for the conventions and get on air recognition like tose who sponsor sporting events. (This hours coverage brought to you by SEIU, Solyndra, Acorn, Bain Capital,Etc)At least that way we would know who owns which party and which candidate.

  3. AD Roberts says:

    Once again, this is government excess. We should not pay a penny for the parties activities. When are we going to stop this madness? When the country collapses?

  4. AD Roberts says:

    "Because iniquity shall abound………." I would say that with all the vile things Obama and his horde and the media have done and are doing………….iniquity is abounding.

  5. involuntarycashcow says:

    This is an outrage. To fund the same two political parties who are really one. not to mention every year's tax return also includes an option for individuals to donate as well. Let this parliament of whores pay their own way. I don't care if they have to ride a donkey cross country pulling their podiums to espouse their propaganda. It's time they had to work for something, produce something. I can't believe this (expletive). And they get up on their soapboxes about needing entitlement cuts to welfare, Medicare??? Maybe we do but the biggest welfare recepient hogging resources is the bloody freaking government itself. I need a drink.

  6. Screwtape says:

    Outrageous! A preposterous, stupid waste! Don’t those fools know that with the $36.4M they could have created FIVE new “green” jobs?????