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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.

Six out of the top 10 fundraising super PACs have received untraceable donations. In total, 20 percent of super PACs received untraceable donations in 2011.

A study entitled "Auctioning Democracy" also found that the super rich give a large amount of the funding received by super PACs. This skews American politics, it concluded, because wealthy donors have different life experiences and political preferences than other citizens.

Today Illinois PIRG Education Fund and Demos released a new analysis of the funding sources for the campaign finance behemoths, Super PACs. The findings confirmed what many have predicted in the wake of the Supreme Court's damaging Citizens United decision: since their inception in 2010, Super PACs have been primarily funded by a small segment of very wealthy individuals and business interests, with a small but significant amount of funds coming from secret sources.

Washington, D.C. – Today U.S. PIRG Education Fund and Demos released a new analysis of the funding sources for the campaign finance behemoths, Super PACs. The findings confirmed what many have predicted in the wake of the Supreme Court’s damaging Citizens United decision: since their inception in 2010, Super PACs have been primarily funded by a small segment of very wealthy individuals and business interests, with a small but significant amount of funds coming from secret sources.

In a new report, called Auctioning Democracy: The Rise of Super PACs and the 2012 Elections, we take a comprehensive look at Super PAC fundraising -- from their advent in the wake of 2010's Citizens United Supreme Court decision through 2011 Federal Election Commission year-end filings.

As if we needed still more evidence that financial authority over national political campaigns is increasingly wielded by fewer and fewer really rich people, consider this exhibit:

"Super PACs raised about $181 million in the last two years — with roughly half of it coming from fewer than 200 super-rich people."

Citizens United has opened the door to what one report is calling the auctioning of democracy. Much of the money being donated through Super PACs is keeping their source secret and the money is untraceable.

If what these Super PAC donors are doing is nothing to be ashamed of, then why are they hiding their identity?

Today Illinois PIRG Education Fund and Demos released a new analysis of the funding sources for the campaign finance behemoths, Super PACs. The findings confirmed what many have predicted in the wake of the Supreme Court’s damaging Citizens United decision: since their inception in 2010, Super PACs have been primarily funded by a small segment of very wealthy individuals and business interests, with a small but significant amount of funds coming from secret sources.

Last I checked, the whole point of a reduced payroll tax was to stimulate growth by keeping more money in the economy as opposed to channeling it into the coffers of the U.S. Treasury.