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U.S. Debt Could Be Cut by Sending Leftover Campaign Cash to Uncle Sam

1 year ago
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While senators and House members look for ways to tackle, if not tame, the gargantuan federal debt, they might look directly in the mirror for one source of available money.

A principal criticism of American politics today is that there are too many dollars bankrolling the electoral system, making many races for public office overly expensive. Ironically, at the same time campaigns are awash with cash, the federal government is drowning in a sea of red ink.

How, you ask, could the political situation help the governmental one? It's not that difficult.

If you study the financial reports of elected officials and candidates, you quickly discover how philanthropic politicians can be to fellow politicians. Contributions from someone's individual committee or political action committee enriches the election coffers of another office holder or aspirant.

In mid-April, the Center for Responsive Politics released a study stating that in 2009, nine candidates for the Senate or House received more than $200,000 from "candidate committees and leadership PACs," with Republican Senate candidate and current Rep. Roy Blunt of Missouri getting $384,453 and Senate Majority Leader Harry Reid (D-Nev.) depositing $294,949 for his re-election effort. Back in 1993, the year before another consequential midterm election, Sen. Kay Bailey Hutchison (R-Texas) was the leading recipient of such contributions at $37,000 -- one-tenth of the current top amount.

Is it hopelessly idealistic and electorally romantic to wonder why the Federal Election Commission allows one politician to raise so much money for the sake of another? A check of the FEC's campaign laws spells out in black-and-white that these contributions are permissible.

But what if new, reform-styled regulations restricted the money raised by a federal candidate or a candidate's PAC to that candidate's own use during the specific election cycle? The rule could apply to candidates running for president, the Senate or the House. Any money not spent during the candidate's actual, time-defined campaign would go directly to the federal treasury to pay down the debt.

This modest proposal would help control the amount of money raised and spent on campaigns, diminish the influence one politician exerts over another -- and help reduce what the government owes.

As things stand now, a politician can accept lucrative gifts -- then turn right around and give that money away. Newsweek reports that Mitt Romney has raised $5.8 million through June 30 and spent $324,256 "on competitive GOP races in almost every state," while Sarah Palin has received $3.39 million, with $137,500 going to "Senate and House candidates nationwide."

On the Democratic side, while New York Rep. Charles Rangel fights for his political life amid complaints over alleged money-related violations, candidates on the receiving end of his largess have been assiduously unloading his gifts, with more than $400,000 earmarked for charities, according to a recent tally.

Though he's certainly not alone in this regard, Rangel, former chairman of the Ways and Means Committee, acquired some of his power in the House in part because he's been able to spread so much money around to congressional colleagues and candidates over several years.

We often read that relatively few House races -- 50 or so out of 435 this year -- are genuinely competitive. This means that shoe-ins of both parties can become piggy banks in races for allies where money might matter. But does this situation make sense at a time when so many people think political spending is out of control and, in some cases, ethically questionable?

Let's solve the problem by restricting gifts to the candidates themselves and by donating any remaining dollars at the conclusion of a campaign to the government's very scarlet bottom line. Among other advantages, such a scheme would help bridge the gap between campaigning and governing, since the campaign now receives the preponderance of energy and attention.

When Sen. Evan Bayh (D-Ind.) announced he wouldn't seek re-election this year, Hoosier Democrats became curious about two matters: What the retiring senator would do in the future, and what would happen to the nearly $13 million war chest he's amassed. These proposed new rules would put an end to the latter concern.

In fact, you never know, but the fiscally minded Bayh might have even been pleased to see the money go to a worthy cause -- the federal debt he's criticized for so many years.

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strebe

Surely this is satire? Otherwise I cannot explain how Mr. Schmul imagines a few hundred millions would have the faintest impact on the deficit. He’s off by three decimal places. It’s like proposing we use the change jar at the cash register to finance the local school. And of course, even if his proposal were adopted, all it would do is guarantee that candidates spend all their money. Good grief.

August 03 2010 at 2:06 PM Report abuse +1 rate up rate down Reply
zedog

As long as the pacs do the same, but public financing is the way to control spending if the writer is serious. There is a difference in the way the 2 parties raise money, GOP raises more money through large corporate donors, which supply a steady uninterrupted stream of cash through the pacs. Dems rely more on small donors who are limited by economic conditions.

August 03 2010 at 5:32 AM Report abuse -1 rate up rate down Reply
gp100ss

The only way to curb the debt is to decrease spending. Anything that fosters the delusion that we can cut the debt any other way is a bad idea. The money that people give to candidates is given to advance the ideas that those people believe, not to cover government spending on other things.

Campaigning is expensive for several reasons. The first is that the government has more and more power and controls more and more aspects of life. More government control means that controlling government is a way to control money. Money will always follow other money. If we want to stop the cycle, we need for the government to control less and spend less. Another reason is that the political coverage tends to be shallow. A candidate's only chance to give the voters anything close to an unfiltered report of his positions is to spend money spreading the message himself. That effort is expensive. Another reason is that people tend not to do the research themselves. They allow shallow coverage, catchy ads, and water cooler conversations based in ignorance to determine how they will vote. If people made the effort to do their own research and choose candidates based on what they really believe, money would not be as important. Even candidates with less money would have a better chance against those who can craft their message with more polish.

We don't need campaign finance reform. We need voters to reform their lazy ways and to stop rewarding campaigning to the lowest common denominator.

August 03 2010 at 1:27 AM Report abuse +1 rate up rate down Reply
ctl2d

First things first, money donated to a particular candidate is not for the federal government to take. The people that donated this money have already paid taxes on their earnings and can therefore do whatever they so choose to do with it, it should by no means go to paying down the debt of an irresponsible federal government. If politicians want to reduce debt maybe they should stop supporting and funding absurd causes when bills are passed. The average citizen should not be held financially responsible for some ridiculous earmark that a congress member from a district other than theirs pushes through on the floor. Doesn’t the federal government get enough of our hard earned money as it is?

August 02 2010 at 11:05 PM Report abuse +1 rate up rate down Reply
gjw1958

You want to help reduce the deficit then require all senators and house rep. to have Only One office in Washington and One Office in their state. This would cut operating expenses by Billions. Texas senator alone has 9 offices.
But they never look at themselves. The only information on their staff salaries is from 2000 and their staffs were making 40,000 - 116,000 even the clerk sorting mail.

August 02 2010 at 10:56 PM Report abuse +1 rate up rate down Reply
mfajets2000

And don't say move if you don't like it. That is lame. Everyone knows that people become politicians to become rich or richer. And how do they do that? Illegally that's how. The rich get richer by becoming politicians or by buying politicians.

August 02 2010 at 9:58 PM Report abuse +13 rate up rate down Reply
crtrask

I have a very simple idea for saving money AND making politicians accountable to their constituents: dissolve Washington, DC! In this age of telecommunications, ie. phone, fax, teleconferencing, why do our representatives need to maintain residences in DC? Send them back to their home districts. On the rare occasion that they might need to meet, set up a few days per year for doing so!

August 02 2010 at 9:57 PM Report abuse +16 rate up rate down Reply
govtgeek

Any type of campaign reform is a good start. As a futher reform, how about tieing the pay an elected official recivies to the median income to the district they represent! That might be an incentive for them to raise the income level of the little people. They (congressional) politicans also should be given housing at a near by military barracks and fed the same meals our troops eat. This might bring a dose of realality into their lives. Politicans that are supposed to be represtive of the people have become so out of touch with the common people that they are clueless as to the needs of country.

August 02 2010 at 9:53 PM Report abuse +14 rate up rate down Reply
hockeydc

Always be wary of people who propose how to spend other's money. I propose this writer should write checks instead of silly articles.

August 02 2010 at 9:42 PM Report abuse -13 rate up rate down Reply
Tonny

our government is so wrong................it will never be right.

August 02 2010 at 9:09 PM Report abuse +12 rate up rate down Reply

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