Why Dems are winning the money chase

Politico reports:

The new House GOP majority stormed Capitol Hill with the single-minded goal of slashing federal spending.

But they’ve had a rude awakening: cuts to federal spending are a hindrance to healthy fundraising - especially when it comes to picking the pockets of the K Street donors and interest groups who depend on federal dollars.

Members of Congress and fundraisers say the choke on spending hasn’t helped with fundraising, and acknowledge that it’s an increasing concern for the GOP as it begins mapping out its 2012 blueprint.

The sick reality.