I somewhat agree with you, wickelou9. However, as Andy points out, when things change, it is a good feature to have to allow someone to report a camera is no longer there. However, the way it works now is not very helpful.
We've asked, and will ask again, Waze to change the "Not there" to submit a map issue (Update Request) rather than simply move the camera one step closer to be unapproved (per the info in the Cameras page). Also, reporting new Cameras should be put into the Map Issue report as well. Right now, the edit map is spammed with tens of thousands of speed, rlc, and dummy cameras which were reported by users who don't know what a real camera is, or who are "playing" with the app.