

CAMPAIGN FINANCE & THE NATIONAL DEBT
by Ed Henry
This country has two big problems--campaign finance reform and
the national debt with its accompanying theft of Social Security, Medicare,
and other entitlement funds. Unfortunately, these subjects are often buried
in a plethora of lesser considerations and events, perhaps deliberately
kept out of the limelight. More calamitous is that each of these problems
could easily be solved, but it will not happen, not in either case. There
is much too much money at stake--money that would be lost to the very people
with the responsibility to take corrective action, including current candidates
for office.
Campaign finance
Costs of running for office have eaten away at the democratic aspects of
our republic until today's elections resemble an oligarchy or banana republic.
All that's needed to correct things is to take the money out of politics
entirely, all of it. Two steps or laws could do this. The first would cap
the amount any candidate could spend campaigning. For instance, it might
cap campaign financing at two times the annual salary for the position sought.
Of course, that's not enough to pay for hours of advertising, speech writers,
organizers, rallies, and so forth. That's the point. The second condition
would require the media to offer free and equal time and space to all candidates
for national office as part of their licensing by the Federal Communications
Commission. The FCC assigns and regulates broadcast frequencies and already
requires free public service announcements. It would merely be an extension
of the same principle. Naturally, we would not get as many announcements,
commercials, and rhetoric as we now get, but what we did receive would be
more meaningful.
Forgetting that it takes thousands of signatures in each state to get on
the ballot, political cultists would scream that such a policy would allow
all of the riff-raff to run for office. In reality, it would put these political
wannabes out of work or at least limit the amount of time they spend telling
you who to vote for, often simply by the preponderance of coverage they
give one candidate over another.
The media would scream bloody murder about infringement of their first amendment
rights when it would be the millions in lost advertising that truly upsets
them. And the candidates themselves would complain about not having campaign
kitties to plunder, favors to pass out, and the time spent raising all this
money. They might actually have to work for two years instead of traveling
the countryside.
Instead, year after year we will continue to have long and expensive campaigns
that deal in trivia and sound like the secretarial pool complaining about
who curries what favors with the boss, spends too much time at the copy
machine, shredder, or water cooler and the difference between hard and soft
money. The latter is much like Tammany Hall's distinction between honest
and dishonest graft. And don't forget, it's this sort of corrupt democracy
that we are insisting other countries adopt. Take a lesson from us.
National debt
Thirty-four percent of the national debt could be eliminated in one day.
All it would take is getting rid of the nonmarketable bonds Washington's
pirates substitute for the entitlement money they steal-the double taxation
under the "Pay-It-Again, Sam" plan.
The same citizens who were robbed of their excess payments to Social Security,
Medicare, highway upkeep, and so forth would not have to pay these taxes
a second time simply because Congress and the Administration took their
first payments and spent them on wars and pork barrel projects, calling
it "borrowing" and leaving behind "IOUs" that are really
"UOUs."
There is nothing to it. Reducing the national debt by more than $2 trillion
overnight requires nothing more than a little honesty. The money is already
gone. Why should we, the victims of theft, be expected to replace it from
future income taxes? Future taxes could be put to much better use. From
that point forward, all it would take is a sensible payback plan to handle
the other $3.8 trillion of the national debt. A plan much like your own
home mortgage instead of the double-dealing, sleight-of-hand, credit card
to credit card crafty tricks of the current Democrats or the return of cab
fare after the holdup by Republicans. All current plans are meant to continue
the con game and leave the eventual burden of payment on you, your children,
and your grandchildren. All brought to you by a government that advertises
saving the children.
Probability: It ain't going to happen, folks. Not unless you storm the Bastille
instead of playing along with the game like a bunch of sheep led into the
run. The powers that be are never going to give up their booty, not when
corrective action is up to no one but them. Why should they? Long live the
oligarchy.
--Ed Henry, People's Open Opposition Party (POOP), <http://www.poop.org>