As Sen. Evan Bayh prepared to quit Congress, he called on all Americans to embrace a “spirit of devotion to the national welfare beyond party or self-interest” and declared his “passion for service to our fellow citizens is undiminished.” Four years later, the Indiana Democrat controls nearly $10 million in surplus campaign cash he could, by law, invest in charities — something other former politicos have done. Bayh, in this regard, is hardly alone. Nine former congressional members and congressional candidates who are no longer seeking federal office each retain $1 million or more in leftover campaign cash, a The Center for Public Integrity analysis of federal campaign finance disclosures and Center for Responsive Politics data indicates. Dozens of other former members and congressional also-rans, both Democrats and Republicans, are squatting on six-figure surpluses. Why? Politicians offer a variety of reasons. Senior political reporter Dave Levinthal explains here:
Posted on: Thu, 22 May 2014 11:09:15 +0000
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