There's a new stimulus plan underway in America: $5.8 billion is being injected into the U.S. economy, particularly in states like Ohio, Virginia, Colorado and Florida.
We're talking of course about campaign spending, and this year's elections will be the most expensive in history. In fact, by the time we all head to the voting booth on Election Day, nearly $6 billion will have been spent on campaigns — big and small — all across America.
One overlooked part of the convention frenzy was the party platforms. They seemed to cause more embarrassment than excitement at the DNC, where party leaders fumbled at reinserting clauses about Jerusalem and God into their platform. And at the RNC, Rep. John Boehner admitted he'd never even read his party's platform. NPR senior Washington editor Ron Elving joins weekends on All Things Considered host Guy Raz to talk about the platforms and what — if anything — they mean in 2012.
Paul Ryan has a reputation as a deficit hawk. Mitt Romney's running mate has proposed budgets that cut non-defense spending significantly, and advocated controlling Medicare costs by making it a voucher program. But critics argue there's a lot in the Wisconsin congressman's record that undermines his deficit-hawk reputation.
When Ryan gave the GOP response to President Obama's State of the Union address last year, he restated his commitment to debt and deficit reduction.