The Elephant is deep in the red

[marmar]

WASHINGTON — Newly elected Republican National Committee Chairman Reince Priebus took the job with $23 million in debt and cut a third of the staff he inherited from his predecessor, the controversial and gaffe-prone Michael Steele.

In year-end federal finance reports on Monday, the GOP central committee showed that $2 million of its debt came during Steele's final two weeks as he sought to keep hold of his chairmanship. The Democratic National Committee, meanwhile, reported a continued fraction of that debt but had enough cash in the bank to pay off the loans immediately.

"While the year-end FEC report reveals the Republican National Committee is $21 million in debt, I believe it is best to get out all the facts as we know them associated with our financial position," Priebus said. "To date, the committee has approximately $23 million in debt: $15 million in loans and $8 million owed to vendors."

Priebus, a former Steele ally who unseated him, campaigned for the chairmanship promising to get the RNC's finances in order heading into the 2012 presidential elections. With Republicans hoping to limit President Barack Obama to a single term, committee staffers are overhauling the operation that is expected to have millions in donor dollars and a national campaign-in-waiting ready to hand the eventual nominee, as well as help other Republicans running for office. ............(more)

The complete piece is at: http://www.huffingtonpost.com/2011/01/31/rnc-debt-at-23-million-as_n_816633.html

[hobbit709]

1. Fiscal responsibility my ass is the repuke way to do everything.

[gratuitous]

2. No big deal

Since Citizens United, the RNC becomes even more superfluous. The Big Money Boyz will just flood the airwaves with whatever message they want or whatever message just happens to coincide with the national party (wink, wink).

[monmouth]

3. If I were one of their vendors I would surely want to be paid old debts

before serving them again. They should have been first on the list to be paid.

[no_hypocrisy]

4. Let the republicans use their tax cuts to pay the debt.

[LiberalEsto]

5. And they want to be in charge of the U.S. budget?

Again?

I think not.

[Blue Meany]

6. They can't run a party but they want us to trust them to run the country n/t

[liberal N proud]

7. And they want to talk to the people about getting the governments house in order?

How big of them.

[onehandle]

8. Doesn't matter. Citizens United has made the RNC irrelevant. nt