Roll Call columnist Eliza Newlin Carney, who coined the term "Super PAC," has written a column titled “Some Super PAC Money Untraceable.” The column discusses the findings of a report titled “Auctioning Democracy,” released by Demos and the U.S. PIRG Education Fund.
As Carney reports, “Since 2010, 6.4 percent of the itemized contributions underwriting super PACs could not be traced to their original source, the report found.”
Wait a minute . . . this is the torrent of secret money we keep hearing about?
It seems to us that the really newsworthy thing about the Demos/PIRG study is that, for all the “reform” lobby’s complaining about secret money in politics, a full 93.6% of itemized contributions to Super PACs can be traced back to their original source.