While the Supreme Court has ruled that the McCain-Feingold campaign finance reform law is constitutional, the problems caused by money in politics will not end.
Money always finds a way around the rules. But parties are in the process of exploiting the loopholes in McCain-Feingold.
As readers of this space know, I support public campaign financing. The Clean Elections idea, a voluntary public campaign financing program used today in Maine and Arizona, is something I endorse.
Matt Miller today writes about another interesting idea: Yale Law Professor Bruce Ackerman's "Patriot Dollars." Miller explains:
Ackerman's idea is simple: Give every registered voter a $50 voucher that he or she can spend to support candidates or political organizations in federal elections. Ackerman would issue voters a special "Patriot" ATM card. Each election cycle the government would automatically credit their Patriot accounts with $50 each.
Candidates and organizations that met some minimal threshold of legitimacy would be eligible to solicit and compete for the funds. Citizens would "vote" their dollars from any ATM machine, where new software will have facilitated this use.
You can see instantly the beauty of this idea. Instead of limiting political "speech" (which most plans to cap private money do, perhaps unconstitutionally), it increases it. Instead of having some central bureaucracy manage public funds, it lets individuals make their own choices.
As Ackerman explains to Miller, the Patriot Dollar plan could jumpstart a needed renewal in our civic and political life. It could expand regular discussion of political matters from beyond Washington, D.C., and 50 state capitals.
There are details to work out, and Miller outlines some of them. But discussing a big idea now and then is a good idea -- especially when the need for reform is so great.