Public financing of presidential campaigns

Question

Quizplus · Accepted Answer

Public financing of presidential campaigns is considered obsolete because it has not kept pace with the rising costs of campaigns in recent years. Candidates can now raise much more money from private donors and outside groups than they can receive from public financing. Therefore, many candidates have opted out of using public financing. Both President Obama and Mitt Romney declined public financing in the 2012 election.

Public Financing of Presidential Campaigns