Joe Biden: Public Financing to Save System
on Tuesday, November 3, 2015Joe Biden Money Quotation saying in 1974 that campaign finance reform was important to get effective candidates to run for office. Joe Biden said:
“I believe that public financing of federal election campaigns is the only thing that will insure good candidates and save the two-party system” — Joe Biden
Joe Biden seems to be arguing that publicly financing federal election campaigns, rather than relying solely on private donations, would help ensure good candidates run for office and protect the two-party political system in the United States.
His point may be that public financing could reduce the influence of large private donors, allowing candidates to focus more on voter interests than fundraising from special interests.
Biden also may believe this could encourage quality candidates from all backgrounds to run without needing extensive personal wealth or connections to deep-pocketed donors. However, others argue public funds could restrict political speech.