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Second-quarter fundraising: Winners and Losers

After a weekend spent sifting through campaign finance reports -- all federal candidates had to report their contributions and expenditures for the last three months by last Thursday -- we are ready to unveil our quarterly fundraising winners and losers.

With the 2010 midterm election now only 106 days away, the winners are well positioned to carry over their fundraising successes through November while the losers need to fix -- pun intended -- things now or run the risk of falling too far behind to make it up before the fall.

Here's our list of winners and losers. Make sure to check out the comprehensive list of who raised what here, and if you have some bests and worsts of your own, offer them in the comments section below.

WINNERS

Barbara Boxer: The California Democrat knows she is in a tough race this cycle against self-funding former Hewlett-Packard executive Carly Fiorina, and she is acting accordingly. Boxer raised $4.6 million between April 1 and June 30 to take home the crown for best quarter from any Senate incumbent or challenger. She ended last month with $11.3 million on hand and is likely to need every cent of it, as polling shows a tight race.

Rob Portman: The former Ohio congressman, Office of Management and Budget director, and U.S. trade representative is, um, well connected in national Republican circles. And it shows in his fundraising: Portman collected $2.7 million over the past three months and has nearly $9 million in the bank to spend in the stretch run of his bid for the seat of retiring Sen. George Voinovich (R). Portman's numbers are all the more impressive when compared with those of Lt. Gov. Lee Fisher, his Democratic opponent, who ended June with $1.3 million in the bank.

Nevada television stations: Senate Majority Leader Harry Reid's fundraising machine continued to churn in the second quarter as the Nevada Democrat took in $2.4 million and banked $8.9 million. Former state assemblywoman Sharron Angle, who won the Republican nod in June despite raising a pittance compared with her primary opponents, proved that she was a fundraising force to be reckoned with by collecting $2.6 million. Combine those numbers with all the "independent" groups already spending hundreds of thousands of dollars in the state and it's probably time to start thinking about adding that addition to your house if you own a TV station in the Silver State.

Steve Stivers: In 2008, Stivers, a Republican state senator, came within 1,000 votes of winning the Columbus (Ohio) area 15th District. Heading into a rematch against Rep. Mary Jo Kilroy (D) this fall, Stivers has to like where he stands; he collected $581,000 in the second quarter to just $261,000 for Kilroy and now has a nearly $300,000 cash-on-hand edge over the incumbent.

Walt Minnick: The Idaho Democratic Congressman represents one of the most Republican House districts in the country. (President Barack Obama won just 36 percent of the vote there in 2008.) And yet, at the end of June, Minnick had $1.1 million in the bank while state Rep. Raul Labrador (R) showed $69,000 in cash on hand. That's a cash edge of 16 to 1 -- but who's counting?

Richard Blumenthal: The Connecticut Attorney General weathered a brutal run of press over his misstatements of his service in Vietnam but still managed a strong quarter for his Senate bid: $1.6 million raised with $2.1 million on hand. It's a certainty that Blumenthal will be outspent by former World Wrestling Entertainment executive Linda McMahon (R), who has pledged to spend upwards of $50 million of her own money on the contest, but his solid showing on the money front should help insulate him from the attacks to come.

Dan Coats: The former Indiana Republican Senator did little in the first three months (or so) of his candidacy to convince people that he was ready to take his old job back. He seemed caught off guard -- to put it lightly -- about the pace and intensity of attacks from Democrats and managed a less-than-convincing primary victory. But Coats's $1.5 million raised between April 1 and June 30 should rightly change that perception and, when coupled with the state's Republican lean, install him as the frontrunner against Rep. Brad Ellsworth (D).

Charlie Crist: When Crist, the Florida governor, announced at the end of April that he would run for Senate this fall as an Independent the first question that smart political people asked was: Where will the money come from? (Candidates without parties tend to struggle raising cash because of a lack of infrastructure that exists for them.) Crist's $1.8 million raised in the second quarter proved that he still can collect cash, and his $8.2 million cash on hand total ensures he will have enough money to make his case to Florida voters this fall. (Worth noting: Crist's total was dwarfed by the whopping $4.5 million raised by former state House Speaker Marco Rubio, the man who pushed him out of the Republican primary.)

LOSERS

Alexi Giannoulias: A year ago, Giannoulias, the Democratic state treasurer of Illinois, made a fundraising splash -- bringing in better than $1 million in less than a month for his fledgling Senate campaign. Fast-forward 365 days and the news is far less good. Giannoulias, who has struggled to put the closure of his family's bank this spring behind him, raised only $900,000 in the past three months - quite a bit less than half of the $2.3 million collected by Rep. Mark Kirk (R), who himself struggled through a bad patch thanks to his repeated misstatements about his military résumé. Both men have major weaknesses as candidates, but Giannoulias's falling behind in the money race is an ill omen for Democrats trying to keep Obama's old Senate seat in their hands.

Democratic Senate challengers: Democrats have been hoping for months that in one of three states currently held by a Republican incumbent -- Louisiana, North Carolina or Iowa -- their candidates might show some signs of momentum. No such signs were evident in the second quarter as Sens. David Vitter, Richard Burr and Chuck Grassley all far outdistanced their Democratic rivals in the cash dash. Of the three, Louisiana still looks most promising for Democrats, but Vitter's personal problems could transcend the power of money.

Doug Hoffman: Remember him? Apparently donors don't either. Hoffman, who became a national story when he drove Republican nominee Dede Scozzafava out of the November 2009 special election riding a surge of national conservative support, isn't generating that same sort of excitement in his re-run race. Hoffman collected just $83,000 in the last three months and badly trails his Republican primary opponent in cash on hand.

Alan Grayson: The controversial Florida Democrat made a big show out of the $809,000 he collected in the first three months of the year -- proof, he said, that his "tell it like it is" approach to politics was being rewarded by donors in and out of the Sunshine State. Well, not so much in the second quarter, as Grayson collected $330,000 and spent $439,000. Still, he ended June with $1.4 million in the bank and Republicans are headed to an Aug. 24 primary that is likely to leave the winner penniless.

Ovide LaMontagne: LaMontagne, who is seeking the Republican Senate nomination in New Hampshire, raised just over $100,000 over the past three months -- falling badly behind former state attorney general Kelly Ayotte and two self-funding candidates. LaMontagne was never going to be the money leader in the Sept. 14 primary but it's not now clear whether he will have enough cash to make his case to the conservative wing of the party that should be his base.

With Aaron Blake and Felicia Sonmez

By Chris Cillizza  |  July 19, 2010; 11:59 AM ET
Categories:  Winners and Losers  
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Comments

Senate Republicans are really making a run at the senate based on the money chase. Republican candidates have so outraised their democratic opponents in Ohio & North Carolina, national republicans won't have to spend in those races to keep those seats. That's big. That leaves more money for Missouri, Kentucky and Florida. Also, New Hampshire seems to be a lost cause for Democrats as Kelly Ayotte or Bill Binnie would beat out US Rep. Hodes by a long shot. That leaves Republicans to play offense. In California & Connecticut R's can play offense b/c of Fiorina & McMahon as their nominees can afford to self fund their own campaigns. That leaves ntl. Republicans defending Missouri, Florida & Kentucky while playing offense in Delaware (Castle is popular statewide and has lots of cash), Pennsylvania (Toomey also has lots of cash), Illinois (Kirk is outraise Lexi), Indiana, Wisconsin, North Dakota, Washington, Arkansas, Colorodo, Nevada & now West Virginia. Ntl. Republicans likely won't have to do much in NOrth Dakota, Delaware & Indiana. But in the rest of the states, National Republicans will have a great shot to win seats.

Posted by: reason5 | July 20, 2010 12:18 PM | Report abuse

Sorry for this CC, but my irony alert went off.

BB

---

Stop complaining about other posters

Posted by: YouCanPostThis | July 19, 2010 6:29 PM | Report abuse

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Sorry Chris - but you should not have caved in to the astroturfing.

Posted by: YouCanPostThis | July 19, 2010 3:57 PM | Report abuse

---

What we have on this blog is blantant hostility on the part of the leftists toward any conservative voices.

Posted by: YouCanPostThis | July 19, 2010 3:49 PM | Report abuse

---

The leftists on this blog all want to "run to Mommy" everytime something doesn't go their way.

Posted by: YouCanPostThis | July 19, 2010 3:18 PM | Report abuse

---

The leftists are all singing the same song - off key of course.

Posted by: YouCanPostThis | July 19, 2010 3:11 PM | Report abuse

Posted by: FairlingtonBlade | July 19, 2010 6:36 PM | Report abuse

Stop complaining about other posters


The basis of the First Amendment is tolerance - something the leftists have forgotten.

We know the leftists hate the Second Amendment too -

Are there any other parts of the Bill of Rights which the leftists hate ?

It appears that only part of the Bill of Rights that the leftist like is the part which allows illegal aliens to overrun the country.

.

Posted by: YouCanPostThis | July 19, 2010 6:29 PM | Report abuse

Racial complaint has become too lucrative a hustle, and a hustler must always remain true to the game. Principles never sell as well as slogans.

Read more: http://www.nydailynews.com/opinions/2010/07/19/2010-07-19_is_naacp_blind_to_farrakhan__co.html#ixzz0uAMO4kep

Great Article by Stanley Crouch NY Daily News.

Posted by: YouCanPostThis | July 19, 2010 5:35 PM | Report abuse

At least someone is aware:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Noa,
I really think you are on shaky ground.
Having read a fair number of your posts over the months, you have engaged in the same sort of personal attacks that you cast on others.
Banning 37th made sense. As did banning you. Both were consistent with the rules of fair play on the blog. You both chose to ignore them.

Chris
Posted by: Chris_Cillizza | June 29, 2010 6:52 PM

Posted by: present-and-unaccounted-for | July 19, 2010 4:24 PM | Report abuse

I'm sorry - look at this blog

To single one person out for anything is just pure insanity.

Sorry Chris - but you should not have caved in to the astroturfing.

.

Posted by: YouCanPostThis | July 19, 2010 3:57 PM | Report abuse

Dear Ped,
so gain a little self-awareness before you criticize anyone else.
Love drivl


this has got to be a Saturday night live skit. the two biggest loons on the entire Internet chastising each other about self awareness.

The sender harasses people for not having a job, for posting non stop, for clogging the blog, for cutting and pasting, for having no life, no income, no friends, no income, no hobbies.

the recipient likes to insult, curse, facebook with personal details too lurid to mention, posting too much, claiming to know everything, poverty of soul and morality, capitalist unfairness, which she can't wait to export, smart birds, useless children, all while wallowing in loneliness. all the while encouraging anyone who disagrees to be banned by the moderator who has only called out two pests - she being the originator of the practice.

Self awareness indeed.

If liberals were self aware, they could not get out of bed in the morning and do to us what they claim is so good for us, all facts to the contrary notwithstanding.

Modern liberals are like some old time country doctor blood-letting the patient. Don't worry, if it doesn't work at first, we just keep doing it until the patient is cured.......or dead. Either way our job is done.

voters prefer a different doctor on a non-government plan. I think I prefer to keep my blood in my body for now. Result - Repub landslide impending.

Posted by: present-and-unaccounted-for | July 19, 2010 3:53 PM | Report abuse

koolcat


What we have on this blog is blantant hostility on the part of the leftists toward any conservative voices.

That much is clear.

The name-calling is constant - the infighting is out of control.

There is no rational, honest discussion from the leftists.

All the archives show this day after day, week after week.

The leftists have gone beyond uncivil behavior - they are at childish behavior now.

.

Posted by: YouCanPostThis | July 19, 2010 3:49 PM | Report abuse

First bob geobbles and nasty pelousy.

Now drivl and Ped.

pass the poopcorn, the libs are at each others throats due to all their "success".

It is only going to get worse as the lame duck status sets in.

Imagine how their pea sized brains will explode at the thought of President Palin. She is currently tied with the Inept One.

Of course, Repubs could go with the safe choices of either Gingrich, Huck or romney to beat the community organizer. Liberals would be wise to dump him and beg foregiveness from Clinton now.

Posted by: present-and-unaccounted-for | July 19, 2010 3:37 PM | Report abuse

Please let it be Block Pedster. Amen

Posted by: present-and-unaccounted-for | July 19, 2010 3:24 PM | Report abuse

Puke and 37th -- another garbage dump of a thread.

Posted by: koolkat_1960 | July 19, 2010 3:23 PM | Report abuse

The leftists on this blog all want to "run to Mommy" everytime something doesn't go their way.

Posted by: YouCanPostThis | July 19, 2010 3:18 PM | Report abuse

Looks like drivl is about ready to crack.

when they turn off her power and the cable in her house, who will watch Olbermann? who will post hate all day every day on The Fix. who will call out injustice at every turn and edub acate us in the liberal ways?

Obama. do something!!!!!!!!!!

Posted by: present-and-unaccounted-for | July 19, 2010 3:17 PM | Report abuse

WA-PO 'TOP SECRET AMERICA' SERIES' SKIRTS ISSUE OF EXTRAJUDICIAL PERSECUTION OF 'TARGETED' AMERICANS

Attention Dana Priest (pls. fwd.):

Has WaPo's preoccupation with bureaucratic process produced "can't see the forest for the trees" journalism? These "programs" include many programs of personal destruction -- a PURGE of American society...

..such as the covert multi- billion dollar cell tower- mounted microwave laser radio frequency "directed energy" weapon system deployed and operational all across America -- being used to silently impair and degrade the health and physiological and neurological functioning of extrajudicially "targeted" Americans -- including this longtime mainstream journalist.

Exhibit A: U.S. Patent No. 7629918, held by Raytheon Corp.

The real story is EXTRAJUDICIAL TARGETING, TORTURE, PERSECUTION AND FINANCIAL SABOTAGE OF UNTOLD THOUSANDS, PERHAPS MILLIONS, OF AMERICANS.

THE MULTI-AGENCY FUSION CENTER NETWORK IS THE GRASSROOTS SHADOW GOVERNMENT.

To help WaPo see the forest for the tress, please read these articles:

http://nowpublic.com/world/u-s-silently-tortures-americans-cell-tower-microwaves
http://nowpublic.com/world/gestapo-usa-govt-funded-vigilante-network-terrorizes-america
http://nowpublic.com/world/u-s-govt-uses-spoofed-web-pages-and-urls-censor-internet
OR NowPublic.com/scrivener (stories lede stories and links therein) or Facebook -- Vic Livingston

Posted by: scrivener50 | July 19, 2010 3:17 PM | Report abuse

Link to these polls showing Obama lower rated than Bush? 45% is lower then 27%? You said you do mathematical modeling to make ends meet, zouk?

Ri-i-i-i-i-ight.

Good luck whitewashing the Bush legacy. Really. If you work really hard his esteem might surpass Osama bin Laden's by, oh, 2050.

Talk about incoherent.

And yeah I yearn for real moderation here. As your execrable and ubiquitous presence shows beyond doubt, moderation is essential for political blogs, simply because people who are too deranged to hold a job, the very people who others least want to read, have all day to post.

(folds hands, bows head)

Please let it be Block Poster. Amen.

Posted by: Noacoler | July 19, 2010 3:16 PM | Report abuse

The leftists are all singing the same song - off key of course.

But the truth is they are all working together -

Astroturfing the Washington Post should be grounds for being banned.

.

Posted by: YouCanPostThis | July 19, 2010 3:11 PM | Report abuse

The new moderation, assuming there's something actually on the way, can't come soon enough.

????????????????????

the poster who neccesitated the moderation can't wait for it?

you liberals are positively incoherent.

Posted by: present-and-unaccounted-for | July 19, 2010 3:00 PM | Report abuse

"Repubs are floundering".
- a mindless partisan hack "working on its writing"

that's rich.

Liberals can't run on their record, can't make any more promises, can't even convince anyone to vote for them.

the answer - racism, blame, obfuscation.

what part of "leadership" wasn't taught at community organizer school?

answer - none of it.

I can't wait for the headlines in late november: "Obama the earliest lame duck in history" and "President Palin already measuring the drapes"

already Romney, Huck and Gingrich are beating the Inept One. Palin is tied.

Polls show voters think Obungler is worse than Bush. Now for all you bush bashers, what does that imply?

More golf, more vacations, more teleprompter lectures attended by fewer and fewer, more blame, lots more blame, more hiding from the truth, more outrageous spin ( without doubt, we are headed in the right direction; millions of jobs saved; we will surprise by winning blah blah, etc)

Pretty soon, Biden will be considered the smart one for not being taken seriously all along and beating the rush.

Posted by: present-and-unaccounted-for | July 19, 2010 2:52 PM | Report abuse

I believe bobbywc has made a good point. Serving constituents well is more important than ideology. That's why you find these anomolies in states that are supposedly firmly in the pocket of one party or another. Who would expect a Democratic governor in Wyoming. Yet he was elected to two terms.
Rural western states residents have a strong independant streak. Most people in these states, like Montana or Idaho, do not like to see themselves as beholden to any party.
That's why it's no surprise to me that an Idaho Democrat won in a district that voted strong against Obama in 2008. It's no surprise to me that a Massachusetts Republican was elected to the Senate in a state that went strong for Obama.
I am amused by pundits that like to cast each state as blue or red. That's lazy reporting. In any race, there are many factors that work to create an election outcome.

Posted by: AlaninMissoula | July 19, 2010 2:49 PM | Report abuse

The new moderation, assuming there's something actually on the way, can't come soon enough.

Please let it be individualized Block Poster .. there will be a chorus of cricket clicks as every last regular here instantly blocks zouk and 37th, hands down the two more tiresome people on the planet. Zouk's endlessly litany of mockery could not possibly be more stale or more distasteful. Zouk hates Obama. Zouk hates Pelosi. Zouk hates Biden. Zouk hates Reid. Zouk hates drindl. Zouk hates me. We get it, zouk.

Wondering if drindl will block him though, the two of them seem to need each other.

Posted by: Noacoler | July 19, 2010 2:45 PM | Report abuse

Dawd, since both 9/11 happened and the recession started while Bush was in office, I think the Rs are just hoping their voters are not too bright and have very short memories. Now, of course, this is true of the base, but that alone isn't going to win them races.

I just they are just plain floundering... they don't know what to say. What they want is to rollback regulations and keep tax cuts for business and the wealthy, and do the bidding of K Street, but that's not really that enticing an agenda for most voters, is it? Neither is trashing Social Security or Medicare.

Before they could hide all that with smoke screens, with issues like abortion, gay rights, immigration, racism getting their voters out, but those things are not working for them so well as demographics change and it starts losiing them more support than gaining.

Hence, the floundering.

Posted by: drindl | July 19, 2010 2:40 PM | Report abuse

Poor dingbat drivl just can't figure out how to make ends meet. the great socialist experiment is not spreading it around quickly enough.

did you try the cushions in the den?

don't feel too bad drivl. We are all MUCH worse off than we were three or four years ago. your amerikan idol Nasty Pelousy has succeeded in that. and the new communist in chief managed to speed up the decline.

Posted by: present-and-unaccounted-for | July 19, 2010 2:32 PM | Report abuse

http://voices.washingtonpost.com/ezra-klein/2010/07/research_desk_responds_how_par.html

Ezra Klein's intern studies the question of whether there are truly independent voters. There are, but very few.

Posted by: DDAWD | July 19, 2010 2:30 PM | Report abuse

http://voices.washingtonpost.com/plum-line/2010/07/nrcc_denies_sessions_wants_to.html?wprss=plum-line

Looks like the Republicans changed their mind. They don't like Bush after all.

I'm no political strategist, but the whole Bush nostalgia plan seems patently idiotic. Poll after poll shows that the country blames Bush for the recession. And it's not even close. They overwhelmingly blame Bush. Yeah, the country might have soured on Obama a bit, but do Republicans really think exhuming the Bush legacy will lead to electoral spoils?

Posted by: DDAWD | July 19, 2010 2:27 PM | Report abuse

Is the below fact and indication that if you actually put people first of ideology your political label does not matter?

"Walt Minnick: The Idaho Democratic Congressman represents one of the most Republican House districts in the country. (President Barack Obama won just 36 percent of the vote there in 2008.) And yet, at the end of June, Minnick had $1.1 million in the bank while state Rep. Raul Labrador (R) showed $69,000 in cash on hand. That's a cash edge of 16 to 1 -- but who's counting?"

Posted by: bobbywc | July 19, 2010 2:16 PM | Report abuse

Chris,
Where is the mention of the Tea Party backing Angle and Paul?

Posted by: BobSanderson | July 19, 2010 2:15 PM | Report abuse

Beware moonbats, shield your eyes. Truth ahead:

President Barack Obama’s job approval rating is lowest in Wyoming and Utah, according to the Gallup polling company, which tracked the numbers for all 50 states and the District of Columbia from January through June 2010.

The poll of more than 90,000 adults nationwide showed that in Wyoming, for example, only 29 percent of the people there approved of the job the president was doing. That was the lowest approval rating in the states and D.C.

The second lowest approval rating was in Utah, with 34 percent. West Virginia and Idaho also showed job approval ratings for Obama of only 34 percent. Oklahoma came in fifth, with only 37 percent approval, while in Alaska, Obama’s approval was only 38 percent.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
the good news is,,there are four or five states where he is still above 50%. Liberals can count on holding onto DC, HI, DE, MD, MI, IL.

Maybe not. Obungler's old seat is in peril. Joke Biden's is a foregone conclusion.


Let liberals be liberals. they either end up in jail, the unemployment line or "working on their writing" on lefty blogs, but I repeat myself.

Posted by: present-and-unaccounted-for | July 19, 2010 2:12 PM | Report abuse

Carly v. Barbara.. now this is a Main Event matchup.. Everything is better in Cali.. even the cat fights.. 'Mo Money, 'Mo Problems.. should be the name of this PPV headliner..I'll bet Carly hates this pugilist so much.. she'll start tossing in her own reserve techbux...

Posted by: newbeeboy | July 19, 2010 2:07 PM | Report abuse

"Now, after Republican establishment choices were defeated in Senate races from Utah to Kentucky to Nevada, the old guard of the GOP is sounding the alarms.

Former Senate Majority Leader Trent Lott (R-MS) told the Washington Post that he feared what tea party candidates could do to the Senate:

“We don’t need a lot of Jim DeMint disciples,” Lott said in an interview. “As soon as they get here, we need to co-opt them.”

Lott, who fears a breakdown of the Republican establishment’s power in the Senate, says he’s not expecting tea party candidates to do well in November. Said Lott, “I still have faith in the visceral judgment of the American people.”

The R party finally realized the monster it has created, that is going to further damage their brand.


Posted by: drindl | July 19, 2010 1:57 PM | Report abuse

Lieberman is finished if he caucuses with Republicans. Don't forget that he is up for reelection in 2012.

Posted by: DDAWD | July 19, 2010 1:48 PM | Report abuse

this is what drivl considers working on her writing.

She travels the blogosphere looking for edits she can post.

very productive and way more fruitful than the usual cut and hate.

Poor clueless drivl, as she may be unaware, any functioniong filter will immediately relegate her to the trashbin.

Posted by: present-and-unaccounted-for | July 19, 2010 1:46 PM | Report abuse

Kids these days --

Felicia and Aaron:

"time to start thinking about adding that addition"

Review before you post. Do you really think 'adding an addition' is very good English? Now go back and rewrite that in a less clumsy manner.

Posted by: drindl
-----------------------------------------
Their skills are good enough to land them a job. And you're still looking unless there more extensions are passed by congress.

Posted by: leapin | July 19, 2010 1:41 PM | Report abuse

Hoffman's donors appear to be akin to the herd than rumbles through the Fix when there's a link. They've rumbled onto a new hero. My bet is Angle.

What's the over/under on Crist caucusing with the Democrats? My guess is that he and Lieberman will look to caucus with whomever has 48 seats.

BB

Posted by: FairlingtonBlade | July 19, 2010 1:39 PM | Report abuse

Kids these days --

Felicia and Aaron:

"time to start thinking about adding that addition"

Review before you post. Do you really think 'adding an addition' is very good English? Now go back and rewrite that in a less clumsy manner.

Posted by: drindl | July 19, 2010 1:34 PM | Report abuse

Anyone remember Obama’s Pay-Go law?
By: David Freddoso

Over the weekend, President Obama took a shot at Senate Republicans for holding up an extension of the regimen under which Americans can collect unemployment benefits for up to 99 weeks.

But at Hot Air, Jimmy Bise points out that Republicans aren’t actually blocking the extension. They’re demanding that it be paid for with corresponding spending cuts. Their position is strangely similar to another one, expressed in February. I’ll just eliminate the suspense now and tell you that this is what President Obama said when he patted himself on the back for signing the “pay-as-you-go” law:

It’s pretty simple. It says to Congress, you have to pay as you go. You can’t spend a dollar unless you cut a dollar elsewhere. This is how a responsible family or business manages a budget. And this is how a responsible government manages a budget, as well.

It was this rule that helped lead to balanced budgets in the 1990s, by making clear that we could not increase entitlement spending or cut taxes simply by borrowing more money. And it was the abandonment of this rule that allowed the previous administration and previous congresses to pass massive tax cuts for the wealthy and create an expensive new drug program without paying for any of it. Now in a perfect world, Congress would not have needed a law to act responsibly, to remember that every dollar spent would come from taxpayers today – or our children tomorrow.

But this isn’t a perfect world. This is Washington. And while in theory there is bipartisan agreement on moving on balanced budgets, in practice, this responsibility for the future is often overwhelmed by the politics of the moment. It falls prey to the pressure of special interests, to the pull of local concerns, and to a reality familiar to every single American – the fact that it is a lot easier to spend a dollar than save one.

That is why this rule is necessary. And that is why I am pleased that Congress fulfilled my request to restore it. Last night, I signed the “pay as you go” rule into law. Now, Congress will have to pay for what it spends, just like everybody else.

Please forgive the president: He’s probably just “overwhelmed by the politics of the moment.”

Posted by: present-and-unaccounted-for | July 19, 2010 1:22 PM | Report abuse

McCain did NOT look good yesterday. He let a glib, unaccomplished flea-for-hire make him look old, cranky and slow. I don't think Mccain got the GOP memo that told him 2008 was his Bob-Dole-Victory-Lap, thank you, now vanish.

Posted by: margaretmeyers | July 19, 2010 1:06 PM | Report abuse

Hoffman was CfG's useful idiot for that election, but now that useful idiot money will be diluted around. CfG appears to be losing steam, but let's see if they can steamroll through a few more unelectable nominees. I don't think it will happen, but I'd love it if they can push through Heyworth over McCain in Arizona.

Posted by: DDAWD | July 19, 2010 12:58 PM | Report abuse

"what does this tell you?"

It tells me we still don't have a decent troll filter on this blog.

Posted by: bsimon1 | July 19, 2010 12:49 PM | Report abuse

What happened to all of Doug Hoffman's out-of-state Club for Growth and Chamber of Commerce pals? He was so very important to them last year. They really saw him as the future. He was going to be their man.

Posted by: margaretmeyers | July 19, 2010 12:49 PM | Report abuse

Bill White has outraised Rick Perry by
$500,000 since March and has $3.2 million more currently in his account.

http://www.chron.com/disp/story.mpl/metropolitan/7110073.html

Posted by: leichtman1 | July 19, 2010 12:45 PM | Report abuse

Posted by: DDAWD | July 19, 2010 12:44 PM | Report abuse

Losing Obummer's seat
losing joke biden's seat

what does this tell you?

Posted by: present-and-unaccounted-for | July 19, 2010 12:39 PM | Report abuse

Posted by: Bondosan | July 19, 2010 12:26 PM | Report abuse

The comments to this entry are closed.

 
 
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