McConnell plan cuts off public campaign funds

courier-journal.com:

"McConnell has introduced legislation in the Senate to end the public financing of presidential campaigns, a system established after the Watergate scandal that led to President Richard M. Nixon's resignation.

Last month, the Republican-controlled House passed a similar measure, sponsored by Rep. Tom Cole, R-Okla., on a mostly party-line vote of 239-160.

“It strikes me that at a time when we've added $3 trillion to the deficit in the last two years and are going to spend $1.5 trillion more this year than we take in, if this isn't something we ought to eliminate, I don't know what is,” McConnell said in an interview."