Super PACs: Bad for democracy, good for TV stations

Super PACS “represent much of what is wrong with American democracy rolled neatly into one package,” said Marites Velasquez of Illinois PIRG, announcing a new report showing that fundraising monsters suddenly dominating our elections are funded by a very small number of very rich people.

Of itemized contributions by individuals to Super PACs in 2010 and 2011, 93 percent came from 726 individuals giving $10,000 or more, and more than half came from just 37 people who gave over a half-million dollars each, according to a new report from Illinois PIRG Education Fund and Demos.

Read the report: Auctioning Democracy: The Rise of Super PACS and the 2012 Election

Super PACs are “tools for powerful special interests” that work by “drowning out the voices of ordinary Americans in a sea of sometimes-secret cash,” Velasquez said.

“They undermine core principles of political equality in favor of a bully-based system where the strength of a citizen’s voice depends upon the size of her wallet,” said Adam Lioz of Demos.