Today, The Two Mikes spoke with Melissa Witte (@villagecrazylady) who studies and writes about campaign financing in the United States. Ms. Witte said that Political Action Committees (PACs) are an amazingly effective means of building personal fortunes. How so? Well, when a politician starts a PAC he tends to raise more money than he needs and, under the legislation which legalized PACs, the politician keeps the money that was raised but not spent. As an example, Ms. Witte said that in his 2022 re-election campaign North Carolina Senator Tim Scott raised $52 million for his campaign and spent $38 million...