Say there was a law that limited how much a presidential candidate could spend during the election process per month all/most of the campaign money isn't used (According to this article there isn't much leftover PAC money). According to this site:
- Hillary Clinton raised $703,718,750 and spent $639,635,565 ($64 mil leftover)
- Donald Trump raised $322,446,734 and spent $302,488,918 ($19 mil leftover)
- plus the other $300 mil raised by other candidates ($1.3 bil - 1 bil of Clinton and Trump combined)
Also keep in mind that some years candidates raise even more money like when Obama and Romney both raise more than 1 billion.
I'd assume candidates would still be raising outrageous amounts of money from donors who support their cause.
If there was another law requiring excess PAC funds to be donated to the federal debt, would it be possible to eventually eliminate the federal debt?
The donated money would be applied to those debts that have the highest interest rate and then the smallest debts (in excess of 1mil)
Related question on campaign money being spent on government programs