Ever since the Watergate era, taxpayers have been able to check a box on their federal tax returns and designate a little bit of their tax payment to help finance the presidential campaigns and wean politicians away from big donors.

The public financing program has had its ups and downs. But now President Obama is prepared to sign legislation that, for the first time, takes taxpayer money out of the fund.

First of all, let's pause to reflect on some of the great moments of American political conventions brought to you by presidential matching funds.

As increasingly confident Republican leaders predict big midterm election gains, the head of Democratic National Committee put on her game face Tuesday and insisted the party will hold control of the Senate.

The Democrats' grass-roots organization, said Florida Rep. Debbie Wasserman Schultz, and what she characterized as the GOP's continuing alienation of women, minority, LGBT and middle-class voters, bodes well for her party this fall.