EXCERPT: (Get full testimony in Word format)
The notion that people make better decisions when they are accurately informed is a well-established principle of public policy. We have laws against deception, some of which I helped to enforce during the Reagan Administration (as chairman of the Federal Trade Commission, 1981-1985). The public’s outrage over the Enron debacle is driven in major part over the lack of truthfulness and candor about what was going on. Likewise, campaign finance reform is supported, at least in part, because many believe that reporting is slow, inaccurate, and incomplete. There’s no less need for accurate information and transparency when it comes to deliberations over ways in which the people’s representatives acquire command over individual citizens’ resources for public use.