[DieHard the Hunter]

I don’t want to be rude or appear ignorant, but exactly what the Devil is a PAC please?

[Virginia Ridgerunner]

It's a Political Action Committee, a private 501 c(3) organization (outside of the government, per ethics rules) that publicly supports a specific set of goals and values as expressed by a candidate or potential candidate.

In more practical terms, a PAC is a legal funding mechanism for a potential candidate and the first step toward running for higher office.

By launching this PAC, Governor Palin is signaling that she is in the 2012/2016 game for sure now.

[euram]

Political Action Committee. Most politicians establish them so that they can raise money to distribute to other campaigns, that way they can collect some political IOU’s. Huckabee has HuckPAC, Romney has one, but I’m not sure what it is called.

[Virginia Ridgerunner]

Political Action Committee