RUNNING for elective office is a big business these days. Costs are scandalously high even for a congressional campaign. For a presidential race, they reach the astronomical. Richard Nixon spent $29 million in his last election campaign; he is expected to pay out as much as $50 million to win a second term. Yet politicians have remained remarkably complacent about it all. They refuse to amend the Corrupt Practices Act of 1925, though not a single person has been convicted under its provisions. Big contributors are scarcely deterred by a prohibition against giving...
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