I believe it was Shaalira that pointed out before that associating Federal politics too closely to Western politics has the danger of turning people off of the faction altogether. As entertaining as it can be, I'm not confident all of us want to see EVE equivalents of RL political debates...at the same time, taking a unique approach to it can be entertaining.
This is more personal bias, but the reason I don't want to see too much RL-in-EVE political debates is oversimplifying the Federation. Demographically, it is closer to India, with a strong developed/developing world(s) divide. It is far more diverse than the US ever will be, and IMO is more closer to a "confederation of planets" than a space US.
But that's personal taste. If people enjoy it, by all means...I'd just encourage to take unique approaches...for example...people in remote places of the Federation...how do you ensure they pay their taxes, if they haven't been recorded or even made aware of to the general public? Look at internal issues as well as diplomacy with foreign empires, because it's certainly not perfect (maybe Gallente Prime is, though).
There might be a planet that consistently violates Federation law, but nobody cares to touch them due to the supply of a certain resource to the rest of the Federation. Alienate them, and you risk that planet cutting off trade with others, and making even more people unhappy (there is an emphasis on 'interplanetary trade' according to the Fed Admin NPC desc)
Stuff like that...in summary...
"Look at the Federation from the bottom-up socially, politically and culturally, and see how it collates with a top-down perspective. Do not apply the Senate government top-down"
Eurgh, who knows, i've been drinking, so bit rowdy