Constitutional Amendment May Be Road to Campaign-Finance Reform

A Leading Democrat may be upping the ante on the sensitive issue of campaign-finance reform: He is now talking about a constitutional amendment to reform the process.

Senate minority leader Tom Daschle said yesterday that a change in the Constitution may be the only way to deal with First Amendment objections the courts have raised to limits on political contributions and expenditures.

"I think a constitutional amendment ultimately is what this country is facing, and I would be prepared to support it in this Congress," Senator Daschle said at a Monitor breakfast. He said, however, that "soft money," or political-party spending used to circumvent campaign-spending limits on individual candidates, could be curtailed by legislation.

Significantly, Daschle also said that a portion of the Social Security trust fund should be privatized - invested in stocks rather than government securities.

"Many people want to see a greater return on the investment [of Social Security funds]. The Social Security trustees have made the recommendation for the first time, and I wouldn't be surprised if Congress would be prepared to support it.... I certainly would, as long as it were constrained and there were some defined maximum that would be invested."

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.