Monday, September 27, 2010
Publicly Financed Elections
By Henry Curtis
Stopping the money chase: The Fair Elections Now Act could help make Congress accountable to us, not corporations and special interests Guest Commentary by Nikki Love, Honolulu Star Advertiser, Sep 27, 2010
Perhaps the most controversial statement in the article is: “the fund would be drawn from the proceeds of the sale of the publicly owned broadcast spectrum, the plan wouldn't cost taxpayers a dime.”
Currently the money raised goes into the Digital Television Transition and Public Safety Fund.
In 2009 Congress raided the fund and transferred $7 Billion into the General Fund.
There are also other issues involving selling public assets (airwaves), getting the highest price for public assets, and requiring purchasers to set aside some channels for community media.