Presidential public funding program in target

Rep. Eric Cantor is on the leading edge of implementing new social media tools to politics and governing.  The latest:  YouCut.  Rep. Eric Cantor’s new YouCut project targets the presidential public funding matching program, among others.  YouCut is a kind of crowdsourcing, allowing users to vote, online and on by cell phone, on spending cuts.  According to YouCut’s website description of the public financing program:

This federal program provides matching funds to political candidates during Presidential primaries, certain third-party candidates, and funds for political conventions. In the 2008 presidential election, the candidates raised over $1.3 billion from individuals and PACs, do they really need to supplement that with taxpayer money? This proposal has been estimated to save $260 million over five years.

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