Hacker News new | ask | show | jobs
by ChuckMcM 5449 days ago
Totally agree, it is sort of non-news.

Now at $2M/quarter and with nearly 500 congress critters that means they are investing about $4000 per. I've always felt the PAC expense would be naturally limited by how much money could be moved into the system. Given total spending by PACs [1] on various causes I expect any member of congress can populate their re-election fund with anywhere from 1 to 8M$/year by 'listening' to their concerns.

[1] http://www.fec.gov/data/