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RNC Chairman: Party Debt Is Worse Than Numbers Sheet Shows

Occam's Razor

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This is filed under the "You Just Can't Make This Sh*t Up" heading

RNC Chairman: Party Debt Is Worse Than Numbers Sheet Shows | FoxNews.com

RNC Is $23 Million in Debt, Says Chairman Reince Priebus - Political Hotsheet - CBS News

On one side, we have the democrats bowing to the banks again and failing come up with a plan to bring this fiscal runaway train under control.

Then on the other side we have a party chomping at the bit to make hay with it by claiming to be the more fiscally responsible choice, better suited to get the economy going again...

... just one problem...

They are almost $24 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 in a statement. "To date, the committee has approximately $23 million in debt: $15 million in loans, and $8 million owed to vendors."

$15 million in loans? Loans? Backed by what assets? With what plan to pay it back? How do you sell this to future and returning donors? Are they now going to be the party of small change?

In keeping with full disclosure, I personally hate political parties of all stripes... so far, just to save on the kneejerk ignorant personal attacks.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

This is filed under the "You Just Can't Make This Sh*t Up" heading

RNC Chairman: Party Debt Is Worse Than Numbers Sheet Shows | FoxNews.com

RNC Is $23 Million in Debt, Says Chairman Reince Priebus - Political Hotsheet - CBS News

On one side, we have the democrats bowing to the banks again and failing come up with a plan to bring this fiscal runaway train under control.

Then on the other side we have a party chomping at the bit to make hay with it by claiming to be the more fiscally responsible choice, better suited to get the economy going again...

... just one problem...

They are almost $24 million in debt.



$15 million in loans? Loans? Backed by what assets? With what plan to pay it back? How do you sell this to future and returning donors? Are they now going to be the party of small change?

In keeping with full disclosure, I personally hate political parties of all stripes... so far, just to save on the kneejerk ignorant personal attacks.

Maybe they'll vote a Democrat as their party chairman and then blame all that debt all on him.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

Maybe Obama will give them a bailout after Bern-Yankme prints some more money.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

File this under "be careful what you wish for". Republicans were all or superpacs and unlimited, anonymous donations. Now, instead of donating to the RNC (and thereby revealing their graft ... err, gifts) big donors are giving their bucks anonymously to third-party partisans.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

Some funny replies!

But seriously... Who would give these guys a loan, and...

How do you run on ethics and spending reform when the reason you're in debt is because of financial scandals within your own party?

I mean, is this the freakin poster child for "WE ARE ALL BEING HAD"?
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

Yes, they Republicans need everyone to donate as much change as possible so that they can continue class warfare against the middle and lower classes and continue this redistribution of wealth to the already wealthy.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

File this under "be careful what you wish for". Republicans were all or superpacs and unlimited, anonymous donations. Now, instead of donating to the RNC (and thereby revealing their graft ... err, gifts) big donors are giving their bucks anonymously to third-party partisans.

You mean like the GOP have done with the economy at large? Funny how the party of "fiscal responsibility" are now the party of big debt and deficits and running from the bill.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

Yes, they Republicans need everyone to donate as much change as possible so that they can continue class warfare against the middle and lower classes and continue this redistribution of wealth to the already wealthy.

you forgot

"and continue with the debunked policies of Reaganomics that have had a huge portion of blame for the debt and deficit".
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

Looks like a bait thread to me.

/shrug
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

You mean like the GOP have done with the economy at large? Funny how the party of "fiscal responsibility" are now the party of big debt and deficits and running from the bill.

What has happened to the economy is far from only being the republicans fault. Yet it is worth noting the irony of the party of traditional values slogan Is struggling with a fundamental value they try to take the highground on.

If it weren't for that, it would hardly be worth pointing out as there is failure across party lines on this. No better or worse than the other.
 
This is filed under the "You Just Can't Make This Sh*t Up" heading

RNC Chairman: Party Debt Is Worse Than Numbers Sheet Shows | FoxNews.com

RNC Is $23 Million in Debt, Says Chairman Reince Priebus - Political Hotsheet - CBS News

On one side, we have the democrats bowing to the banks again and failing come up with a plan to bring this fiscal runaway train under control.

Then on the other side we have a party chomping at the bit to make hay with it by claiming to be the more fiscally responsible choice, better suited to get the economy going again...

... just one problem...

They are almost $24 million in debt.



$15 million in loans? Loans? Backed by what assets? With what plan to pay it back? How do you sell this to future and returning donors? Are they now going to be the party of small change?

In keeping with full disclosure, I personally hate political parties of all stripes... so far, just to save on the kneejerk ignorant personal attacks.
They don't care now that they have the Citizens United decision.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

Looks like a bait thread to me.

/shrug

No no, not a bait thread at all. Included two sources from each POV, and the facts as released by RNC chairman.

Your response scares me.

If I were a republican my response to financial irregularities, and in party scandal would be outrage and a demand to have the idiots undermining your core principles publicly ousted. It's called integrity. And it's a traditional value.
 
They don't care now that they have the Citizens United decision.

Both sides have citizens united... The parties aren't the big winners there... The corporations are. Party is irrelevant to that case.. Beyond who pretends to support or oppose it
 
This is filed under the "You Just Can't Make This Sh*t Up" heading

RNC Chairman: Party Debt Is Worse Than Numbers Sheet Shows | FoxNews.com

RNC Is $23 Million in Debt, Says Chairman Reince Priebus - Political Hotsheet - CBS News

On one side, we have the democrats bowing to the banks again and failing come up with a plan to bring this fiscal runaway train under control.

Then on the other side we have a party chomping at the bit to make hay with it by claiming to be the more fiscally responsible choice, better suited to get the economy going again...

... just one problem...

They are almost $24 million in debt.



$15 million in loans? Loans? Backed by what assets? With what plan to pay it back? How do you sell this to future and returning donors? Are they now going to be the party of small change?

In keeping with full disclosure, I personally hate political parties of all stripes... so far, just to save on the kneejerk ignorant personal attacks.

That is sooooo funny.

And the GOP isn't the more fiscally conservative party. They have ran up more debt than the dems, and we have had more recessions when a republican is president.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

File this under "be careful what you wish for". Republicans were all or superpacs and unlimited, anonymous donations. Now, instead of donating to the RNC (and thereby revealing their graft ... err, gifts) big donors are giving their bucks anonymously to third-party partisans.

I really don't think that will make a difference. If PACs start funding all the gop contenders, then they could potentially lack leadership and direction as a party. PACs won't be able to dole out money to ensure big wins in many districts for example. Also, so PACs tend to focus on candidates that have no chance in hell to win. Leadership is important.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

Some funny replies!

But seriously... Who would give these guys a loan, and...

How do you run on ethics and spending reform when the reason you're in debt is because of financial scandals within your own party?

I mean, is this the freakin poster child for "WE ARE ALL BEING HAD"?

I completely agree. I hope the dems point this out, and the fact that they are historically not fiscally responsible.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

Looks like a bait thread to me.

/shrug

Pointing out the cold facts is baiting? Your head is buried deep in that sand.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

I am curious how easily they can fix this and pay off the loans, or are they facing long term problems like lack of donations?
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

I am curious how easily they can fix this and pay off the loans, or are they facing long term problems like lack of donations?

Do like Reagan, the Bush's and Rick Perry in Texas... borrow from Social Security (the first 3) and do voodoo economics after taking handouts from people you public denounce (perry).
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

Do like Reagan, the Bush's and Rick Perry in Texas... borrow from Social Security (the first 3) and do voodoo economics after taking handouts from people you public denounce (perry).

They won't raise revenue streams, and will simply cut their way out of it.
 
That is sooooo funny.

And the GOP isn't the more fiscally conservative party. They have ran up more debt than the dems, and we have had more recessions when a republican is president.

Neither party gets a star for fiscal responsibility. It's a big subject with lots of cogs and wheels. Just keep in mind, inflation is debt as well, perhaps even more insidious.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

From August 20th:

According to a report filed Saturday with the Federal Election Commission, the RNC raised $5.8 million in July–including roughly $66,000 in transfers from other party committees–and has $7.6 million in cash-on-hand to use for the election battle against incumbent Democratic President Barack Obama.

The committee carries $17 million in debt.

The Democratic fundraising arm has $20.1 million in cash-on-hand to use for the president’s re-election, and carries $11.2 million in debt.

July fundraising numbers say a lot, RNC and DNC say little – CNN Political Ticker - CNN.com Blogs


So, in reality, looks like neither of them is managing their money perfectly. It's all relative to how quickly they'll pay it off, what their standing is with their lenders, and expected income. Looks like both of them are in a position to pay their debts with relative ease, contingent upon donations and fundraising.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

They won't raise revenue streams, and will simply cut their way out of it.

I'm cool with that to a degree. As long as the cut the right things. Medicaid needs massive reformation. There is gross abuse of Medicaid/Medicare by both claimants and service provider, though these days, I think more so the former. The military needs to be drawn way back to at least 2003 levels, yet we need to be able to maintain both a technology and response time edge.

The way to raise revenue streams is to create small companies that can grow to bigger companies to sell to Americans more of what Americans, and the rest of the world, buys. For cryin out loud... my Levis aren't even Levis anymore and they aren't made in the US. No jeans are. No textiles at all.

Everyone cries that we need a massive military to defend ourselves... no, we need a manufacturing base that can wshift gears in times of war and crank out the artillery as we need it. Worked very well in WWII and served us very well after in the civilian manufacturing sector long after.
 
Re: Democrats Ran on Party of Change, RNC Will Run On Brother Can You Spare Some Chan

I'm cool with that to a degree. As long as the cut the right things. Medicaid needs massive reformation. There is gross abuse of Medicaid/Medicare by both claimants and service provider, though these days, I think more so the former. The military needs to be drawn way back to at least 2003 levels, yet we need to be able to maintain both a technology and response time edge.

The way to raise revenue streams is to create small companies that can grow to bigger companies to sell to Americans more of what Americans, and the rest of the world, buys. For cryin out loud... my Levis aren't even Levis anymore and they aren't made in the US. No jeans are. No textiles at all.

Everyone cries that we need a massive military to defend ourselves... no, we need a manufacturing base that can wshift gears in times of war and crank out the artillery as we need it. Worked very well in WWII and served us very well after in the civilian manufacturing sector long after.

The military needs something to protect like textile mills with good paying jobs.
 
That is sooooo funny.

What's so funny. The Republicans in 2008 couldn't match the corruption of a career politician reared in Chicago machine politics. Obama just offered to be bought to many more people and so he raised far more money.

2008campaignspending.jpg
 
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