
By Bill Kraus
Here’s what we know about money.
1. You can’t run a campaign without it.
2. People say that too much money is spent on campaigns. The only route to putting spending limits on campaigns is to insert public money into the mix. The legislation to do this has to be enacted by the incumbents who attribute their incumbency to the money that got them where they are and who zealously protect their advantage in fund raising. Public money is anathema to them because it has to be available to their potential opponents. To be effective it also has to be appropriated in amounts large enough to offset expenditures by the third party organizations. So it’s expensive too.
3. Candidates hate dialing for dollars, but they hate not having the money it brings in more.
4. The organizations that raise the special interest money which is now the dominant source of campaign spending have made it clear to the candidate beneficiaries that their funds will dry up if they have to disclose their donors in the same way that the candidates have to disclose their donors. Even though the Supreme Court has urged legislatures to enact this kind of disclosure legislation, few do.