Political campaign spending, you might say, is trending through the roof, and not just on the federal level. State politicians and political issue committees are raising historic sums, according to a study released today by the National Institute on Money in State Politics. And the spending works. Incumbent lawmakers raise more money than their opponents and they win 95 percent of the time. In 2004, Colorado politicians and committees spent$20 million winning and losing votes. In 2008, they spent $85 million.
At that rate– quadrupling every four years– $340 million will be spent on state races and issues in 2012, a conservative estimate perhaps given that it doesn’t take into account the changes that will flow from the recent Supreme Court Citizens United ruling lifting limits on corporate spending, The Colorado Independent reports.