In so far as the Republican party says it is the party of fiscal responsibility and yes, family values, when the party is caught spending in such a lavish manner, it is the business of the electorate. If the entity charged with finding and supporting Republican candidates does not abide by party principles, what does that say?
Originally Posted by jujuman13
A 2009 spending spree has left the Republican National Committee (RNC) with its worst election-year cash flow this decade.
The largest GOP party committee has $8.7 million in the bank heading into an election year with 37 governors’ races, a dozen major Senate contests, dozens more in the House and an all-important redistricting cycle on the horizon.
Said one RNC official: “It is very troubling, and the thing is, most people don’t understand this. But it is really troubling.”
The RNC had $22.8 million in cash and no debt when Michael Steele was elected chairman at the end of January, but has since seen its cash on hand drop to less than $9 million at the end of November.
Over the previous five months, while governors’ battles were being waged in New Jersey and Virginia, the committee saw its cash reserves drop by a full $15 million. Through November, the committee spent more than $90 million last year, which is nearly $20 million more than the Democratic National Committee (DNC).
A bit more:
The Democratic National Committee (DNC) lost both races, but saw its cash on hand climb to a debt-free $13 million. That’s not a whole lot better than the RNC, but the DNC began the year in much worse fiscal shape, with $5.6 million in cash and $5 million in debt.
Worst RNC cash flow in a decade - TheHill.com