Ha ha, very funny! If that were the case, for red light cameras at least, then they would just increase the length of the yellow light. That's cheaper than a camera, for sure, and has been proven empirically.
As far as speeding cameras, I might buy it except that in Denver they only show up in swanky neighborhoods that have a high-traffic street through them. Like on 1st Ave in front of the Denver Country Club. Or University by the gated "Polo Club" neighborhood. Never seen one on S. Federal, or Santa Fe Boulevard.
on the whole, I don't believe that an honest citizen can treat pronouncements about traffic cams with anything other than utter suspicion.