Politics - World - s.f. bayarea forums - craigslist: "The Best Gov't Money Can Buy rolls on < RoughJustice > 10/24/03 07:43
Campaign Finance Institute, a Washington nonprofit, offers strong evidence that time has caught up to the system first used in 1976.
As the report says, the system under which 'the federal government has matched the first $250 that candidates raise from individual donors if the candidates agree, among other things, to limit their spending . . . for many candidates is no longer worthwhile. Accepting spending limits has become too risky and public funding has become less valuable. And to top it all off, the whole public financing system faces the real threat of insolvency by 2008.'