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Bloomberg’s spending is why we need campaign finance reform

The issue of money in politics is back in the spotlight this week, as former New York City Mayor Michael Bloomberg continues his rise in Democratic primary polls behind hundreds of millions of dollars in spending on ads, staff, equipment, and events. 

Bloomberg’s spending is unprecedented, but it once again highlights an inconvenient truth in politics: Campaigns cost money – a lot of money. Even when it isn’t clear if a quid pro quo has taken place, big donors making large contributions or loans to a campaign can lead to the perception of corruption when lawmakers push legislation that benefits those donors after an election, as the recent campaign finance woes of a New York State Senator demonstrate

One possible way to lessen the influence of large private donors is increased public campaign financing, a path forward recently endorsed by the New York Times. This could include programs like Seattle’s “democracy vouchers” or matching programs like New York City’s.

But until those programs come (and Buckley v. Valeo is reversed), wealthier candidates will still be free to attempt to buy elections. We imagine this won’t do much to get more Americans to the ballot box in a nation with some of the developed world’s lowest voting rates.

In other news:

Upcoming Events:

  • RepUsNYC is holding an informal gathering on Thursday, February 20th, 7PM and we’d love for you to join! The event will be at Tir Na Nog, 315 W. 39th Street in Manahattan. We’ll have a yellow and black sign at our table that says “Unrig the System.” Make sure to go to the Tir Na Nog on W. 39th St. There is more than one Tir Na Nog.
  • Our next chapter meeting is on Tuesday, February 25th at 7pm. It will be held at the Center for Remembering and Sharing at 123 4th Ave. in Manhattan. Come out to hear about how you can be a part of our next campaign!

Thank you for reading! Check us out on our websiteTwitter, and Facebook, and please write repusnyc@gmail.com with any comments, tips, or suggestions.

Love,

The Take

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