Footnotes (25)



Stephen Colbert is Right to Lampoon Our Campaign Finance System (And So Can You!)

Ilya Shapiro

Cato Institute

October 23, 2013

4 University of St. Thomas J.L. Pub. Pol'y 317 (Spring 2012)

This Article is an edited transcript of a presentation I gave at the University of St. Thomas Journal of Law & Public Policy’s symposium on Citizens United on March 30, 2012 (which will be published in that journal this fall). Building on the brilliant satire of the post-Citizens United, Super PAC world by Stephen Colbert and Jon Stewart, I argue that our current campaign-finance regime is indeed unworkable and unstable. We have now the odd situation whereby independent political speech is unbridled and unrestricted for the most part -- which is what the First Amendment demands -- while candidates and parties are heavily restricted and heavily regulated. But my end-game vision is different than the comedians': At some point, our system will crack under the weight of politicians' bristling at their competitive disadvantage, leading to individual contribution limits being raised or eliminated in exchange for greater disclosure for the really big donors.

Number of Pages in PDF File: 14

Keywords: campaign finance, BCRA, McCain-Feingold, First Amendment, Citizens United, Super PACs, SpeechNow.org, Stephen Colbert, Jon Stewart

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Date posted: July 10, 2012 ; Last revised: October 24, 2013

Suggested Citation

Shapiro, Ilya, Stephen Colbert is Right to Lampoon Our Campaign Finance System (And So Can You!) (October 23, 2013). 4 University of St. Thomas J.L. Pub. Pol'y 317 (Spring 2012). Available at SSRN: http://ssrn.com/abstract=2102747

Contact Information

Ilya Shapiro (Contact Author)
Cato Institute ( email )
1000 Massachusetts Avenue, N.W.
Washington, DC 20001-5403
United States
202-218-4600 (Phone)
202-842-3490 (Fax)
HOME PAGE: http://www.cato.org/people/ilya-shapiro
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