Governmental Transparency?

CosmicDreams asks: "With our concern about transparency in business transactions these days, should we focus on what is arguably the largest business of all, government? Today, it is possible to build a system in which the official interactions (social, fiscal, and oral) of our elected officials can be presented to world in an uncensored, unspinned, and quick-to-market medium. Unlike talk radio, newspapers, and late night stand-up routines, only the internet can possibly supply the public which a near instantaneous collection of news in sheer bulk form. What would the effects of such a system be on America and the world? I would be interested in hearing opinions on this matter."