Chairman: Republican Party is $23M in debt

[RamboLiberal]

Source: USA Today

The new chairman of the Republican National Committee is being candid about the GOP's financial troubles, issuing a statement that the party is $23 million in debt -- more than what a new campaign finance report says.

Reince Priebus, the RNC chairman, says the party has $15 million in outstanding loans and owes $8 million to vendors. The GOP's year-end report to the Federal Election Commission, filed in Washington today, shows $21 million in red ink.

"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 said.

Fundraising and cash in the bank will be important to the GOP if Republicans are to mount an effective ground war to help their presidential nominee next year.



Read more: http://content.usatoday.com/communities/onpolitics/post/2011/01/reince-priebus-republican-national-committee-debt-/1

[muntrv]

1. Why don't republickers live within their means?

[emulatorloo]

3. Don't have to, because Corporations are People Too and will bail them out.

Think mommy and daddy and their petulant FratBoy son with the maxed out credit-card.

[ThomCat]

18. Yes, that is exactly right.

:(

Corporations will line up to bail them out, because the republicans have been so amazingly useful at pulling the entire political debate to the right.

Even if it is the Democrats that pass the bills giving corporations everything that they want, it is because the Republicans succeeded in first dragging every obscene radical right-wing issue into the mainstream where the Democrats could implement it for them.

Such as Free Trade,

and caps on public assistance,

and finding the most ways to quietly unaccountably most substantially give way our treasury to wall street firms without the American people complaining,

and taming the American People's demands for re-regulating corrupt businesses without ever actually delivering any substantial regulations that ever limit big business in any substantial way.

Yes, even though Democrats usually deliver the real results, Republicans are the ones that keep successfully re-framing the debate to make it possible. It's a very unique partnership, funded and organized by the same big campaign donors and lobbyists. So Republicans will get bailed out so that they can keep doing their part.

It would be nice if we had a strong Liberal Democratic wing of our part to resist all of this and pull the framing of debates back to the left. But none of the big money donors, corporate sponsors, or trade groups want to allow the debates to get pulled back to the left, so that won't happen.

[Mz Pip]

2. Have no fear.

That's chump change for the Koch brothers.

[yourout]

4. You beat me to it.

[fascisthunter]

5. He find Americans to steal it from... it's what the GOP is good at doing

[notesdev]

6. Time to declare bankruptcy

to go along with the existing moral bankruptcy

[onehandle]

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

Got it?

[JuniperLea]

8. Time for the Koch Bros to whip out their mighty checkbook!

Or are they not contributing... directly?

[Gore1FL]

9. I have the perfect GOP-economic-policy-based solution for them.

They simply need to send letters to their top donors asking them to donate less this year. That should balance the books in no time.

[tosh]

10. How's that for some fiscal reponsibility!!111

[AlinPA]

11. Corporate money will change that to billions in the plus column. nt

[AlinPA]

12. B.S. They don't need a dime of RNC money. The corporations will cover them with billions. nt

[tanyev]

13. Gotcha, dawg!

[Chemical Bill]

14. The billionaires are putting their money into astroturf groups.

They seem to have forgotten about the GOP. Not for long, I'm sure.

Bill

[Brother Buzz]

22. The RNC is for chumps

Karl Rove's super PAC slush fund provides real bang for the buck.

[DCKit]

15. Yeah, but that smile on the stripper's face.... priceless. nt

[greiner3]

16. George Soros will make that good with pocket change;

No wait, he's our only billionaire. They have 400 billionaires and will make up that amount by tomorrow. That does not include all the worldwide corporations that want their own money to influence coming elections.
SCOTUS really screwed us with that ruling.

[Auggie]

17. Still paying for that Palin wardrobe in 2008?

[Major Hogwash]

19. Rut roh! Steele! You've got some 'splaining to do!!

What have you got in YOUR wallet?

LoL

All deh money!!!

[Major Hogwash]

20. They run their party like they ran the country -- into the ground!!!

If any of those thieves had a real job, they'd figure out how to balance a checkbook real fast!!

[savalez]

21. +1

[rurallib]

23. 1-800-koch-bros should clear that in a second

That way the Kochs could buy the whole party in one shot.

[unkachuck]

24. "...through hard work, transparency and honesty..."

....the gall of these people....if we had a just political system, the Republican Party, the origin of most of our economic, social and foreign policy problems, would be disbanded and made illegal....

....instead, they're free to lie, cheat and steal their way into elected office corrupting our democracy....too many suffer and die each year as a result of decisions made by current or former Republicans....

....the Germans found it necessary to curtail their fascists, we should do the same....

[Diclotican]

25. unkachuck

unkachuck

To be fair, it happend first when Germany had lost a world war, and most of the country was in ruins...

But yes, they did curtail their facist when the reality of what they was doing was showing for everyone... And no facist party have anyone near posibility to regain any political power in germany.. Not as long as someone still have the knowlegde about what they did, when they was in power.. Even tho the neo-nazis and other groups have managed to get "some" political glouth, the only reason they are in some politicla power, is becouse the unification fo the two germans was a more difficult project than hoped for...

But I doubt, really doubt that any of the new "facist light" type of party's have remotely the posibility to gain real political power in Germany the next 50 or so year...

Diclotican

[defendandprotect]

26. Maybe they can sell more guns for the NRA ......or maybe the CIA will chip in, as usual?