Man Up, Politicos, and Pay Your Campaign Debt
Enough with picking only on Newt, because he most certainly is not alone. Michelle Bachman owes $1 million and Rick Santorum owes $1.9 million. And it doesn't stop with Decision 2012 -- Rudy Giuliani still owes $1.5 million and Hillary Clinton owes $245,000. The ultimate candidate deadbeat award goes to John Glenn, who still owes more than $3 million more than 20 years after his failed run. In 2005, the Federal Election Commission gave Glenn a get-out-of-debt-free card and let him disband his repayment efforts.
There has been an ongoing debate in this country in regard to money and politics. We have passed ridiculous legislation such as McCain-Feingold that seems to have made things much worse. The information we got about politicians that cannot run fiscally sound campaigns, gave me an idea on how to possibly make a small dent in the "money in politics debate":
Force anyone who is running for office to make good on their campaign debts one year from the date of their contest. Man up, you politicos. If you think you are one of the best and brightest and should be representing the people, then you should also make good on your debt. The IRS forces families to pony up on estate taxes within 12 months; the least politicians can do is the same. Students cannot discharge their student loan debt, why was Glenn allowed to discharge his campaign obligations?
Living and spending within one's means is a virtue that seems all but lost on today's ruling class. Force them to guarantee campaign debt personally and maybe, just maybe, the campaigns might be a little cleaner -- and possibly the ruling elite might learn something about balancing a budget. It is either that or we start picking some better jackals.