USA Today
editorializes in favor of public financing of campaigns and lists five reasons we need it. Well worth the full read, but one of my favorites is this:
Fat cats. Despite all the stories about an Internet-powered rise in small contributors, just 21% of all presidential campaign contributions have been in donations of $200 or less, little change from previous years. Meanwhile, contributions are up 91% from donors linked to the securities and investment industries, 68% from the entertainment industry, and 47% from drug makers.
We need to continually debunk the myth that small donors are driving this election, when the opposite is true--large donors are increasingly important and powerful as campaign spending skyrockets. So it's good to have the most widely-read paper in the country make the case. The rest of their reasons for public financing are equally valid. Again,
take a look.
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