Detailed text transcripts for TV channel - CNN - 20110405:22:45:00
Finance very long-shot candidates. that's a pretty privileged little elite. why should we spend $600 million when it doesn't educate one american, it doesn't build one mile of road, it doesn't defend the country, doesn't educate a kid? >> reporter: the public financing system was born out of the watergate scandal, a way to clean up washington. taxpayers are asked if they want to donate $3 from the u.s. treasury to fund the presidential races. candidates who accept public money also must accept spending limits. cutting the program would save taxpayers $617 million over the next decade. accordin...