The RNC is 23 million in the Hole!

[Trampled Underfoot]

Classic GOP. Say one thing, but do another. Maybe they should worry about their own budget first. :facepalm:

http://politicalticker.blogs.cnn.com/2011/02/01/rnc-in-23-million-hole/

(CNN) ? Newly-installed Republican National Committee Chairman Reince Priebus has a $23-million hole to dig out of, according to a year-end report the organization filed with the Federal Elections Commission.

According to the official report, the committee has over $21 million debt with about $700,000 cash-on-hand. But in a statement Monday Priebus acknowledged the RNC?s cash woes are even worse than the report reflects.

?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. To date, the committee has approximately $23 million in debt: $15 million in loans, and $8 million owed to vendors,? Priebus said in the sobering statement.

Priebus, who was elected by committee members last month largely on his promise to return the organization to a strong financial position, added, ?We are focused like a laser on putting together a plan that retires all of our debt as quickly as possible.?

?We have our work cut out for us, but I am confident we will succeed in turning around the RNC through hard work, transparency and honesty with our hardworking grassroots activists and donors,? Priebus also said. ?That is why in the first two weeks we have reduced staff from 124 positions to 82, frozen all major contracts until they can be evaluated, and assembled an incredibly strong finance transition team.?

 

[Duff Miver]

Is Rick Perry their treasurer?

 

[THE KOD]

they probably stole the money from each other


THE GOP at hard work for the people

:142smilie

 

[The Sponge]

After the recent supreme court ruling where corporations can donate as much as they want and say whatever they want, i doubt they will be short of cash.

 

[Chadman]

After the recent supreme court ruling where corporations can donate as much as they want and say whatever they want, i doubt they will be short of cash.

This is exactly why this issue doesn't really matter. They can make up this "deficit" in one quick campaign donation from a major corporation, without any of the shareholders having an opinion, nor even knowledge of it happening. Ain't conservatism great?

However, from a Republican Committee housekeeping perspective, I think a great place to start would be to consider nearly their entire shortfall is not that far off the record campaign donations going directly to Michelle Bachmann, who at this point does very little for the Republican party, but everything for herself (first), the Tea Party (second, and whatever that represents), and her constituents (a number probably far less than actually being rated third).

I think this whole Tea Party thing, if it actually spawns a decent candidate this election, will reward Obama with another term (pending serious issues worse than we've already gone through). I'm not saying it doesn't have some value - it just needs to develop a clean mission and focus, and rise above the level of Ross Perot back in the day to do any real good - and if it does, I think that only damages the Republicans.