The news that the Koch brothers intend to spend at least $125 million more on buying the Senate (on top of the $35 million or so they’ve already spent) is sobering. Yes, they have a losing message, and yes so far all the money they’ve spent has gotten them bupkis, but it’s still an astounding amount of money. Steven Benen quantifies just how much money it is.
Bart chart showing how Koch spending draws campaign spending by congressional committees by at least three times.
We just recently learned how much money the major-party campaign committees have in the bank for the 2014 cycle. For example, according to the most recent filings, the Democratic Congressional Campaign Committee, which is responsible for supporting Dem candidates in 435 U.S. House races, announced it has $40.2 million to be used in this year’s midterms. Its GOP counterpart, the National Republican Congressional Committee, has about $31.2 million in cash on hand for the year.
On the Senate side, the Democratic Senatorial Campaign Committee has a little more than $22 million in the bank, while the National Republican Senatorial Committee has $15.9 million in cash on hand.
There will be more money […]