Planned Parenthood's Worried About Money Problems (As Explained In $4.6 Million Ad Campaign Bashing Mitt Romney)
Planned Parenthood is worried that a Mitt Romney presidency would leave the group strapped for cash -- and it's explaining the potential predicament by spending more money on political attack ads bashing Romney than it's ever spent before.
We'll repeat: Planned Parenthood is concerned about potential money problems. It's solution is to spend millions of dollars on an ad campaign.
The group has now spent roughly $4.6 million on ads bashing Romney in swing states like Ohio, Virginia, Florida and Iowa, which is the most money it's spent on a political campaign in its history.
The ads focus on Romney's opposition to Roe V. Wade and his supposed plan to cut funding for the group.
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Again, the bill for the ad buy is now at $4.6 million.
Planned Parenthood receives about one-third of its funding from the federal government, but none of that money is being used to fund the ad blitz -- the group also has a privately funded PAC that's footing the bill for the ads.
In 2009 and 2010, Planned Parenthood's budget was more than $1 billion. About $320 million of that came from federal grants or reimbursements. By law, none of that money is used for abortions -- which is the real issue here, and only makes up about three percent of what the group actually does.
In any event, there's probably a better way for the group to save some cash -- like putting nearly $5 million in its coffers and not blowing it on political attack ads.
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