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.
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:
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.
Virginia legislators are considering several bills that would make it more difficult for eligible persons to cast a ballot that will be counted, and would impose large costs for implementation. One bill requires photo identification in order to vote, while others require one of an enumerated list of identification documents. If the voter does not have identification he must sign a sworn statement of his identity and then cast a provisional ballot.
The fifth annual MetLife survey of American value ideals shows a significant shift from prioritizing achieving professional success and material wealth to having a greater sense of personal fulfillment, particularly among younger generations. Millennials preferred a sense of personal fulfillment over having enough money by a margin of 28-20. Nearly a third of Millennials surveyed thought it was more important to have close family and friends than a roof over their heads.
The 2011 fourth quarter GDP numbers released today show a 2.8 percent growth in economic activity, due in part to the increase in spending around the holidays. But, what do GDP numbers really show? A new report from Demos, Beyond GDP, looks at the flaws in our dependence on GDP as the sole measure of progress and highlights important economic and social measures that are not captured by GDP.
For decades, GDP has enjoyed supreme status as the predominant benchmark of our economic and social progress. In reality, GDP obscures or ignores essential aspects of Americans’ economic and social welfare, as well as important social and environmental dimensions of our national welfare and future well-being.
The Montana Supreme Court in Helena stands just off the main drag, dramatically called Last Chance Gulch Street. The picturesque setting is fitting for an institution that has just challenged the U.S. Supreme Court to a legal showdown on the enormously important question of whether corporations should have an unfettered right to dominate elections or whether citizens have the right to adopt commonsense protections to defend democratic government from corruption. Get the kids off the streets, because this could be an epic confrontation.
When someone from another country goes through the difficult process of becoming a naturalized American citizen, he or she should be entitled to full participation in our nation's democracy.
On Tuesday, December 13th, the Congressional Progressive Caucus unveiled the RESTORE the American Dream for the 99% Act. The bill, if passed, would create more than 5 million jobs and save more than $2 trillion. This is a comprehensive plan to put America back to work by reversing the failed policies of the past, which the “Super Committee” could not achieve.
Despite what critics say, the DoE’s guaranteed loan program is a successful program and government investment to further develop clean energy is the right thing to do.
Proof that when laws to protect peoples’ democratic rights are put into practice, they can have a major impact on bringing more voices into the political process.