According to the Associated Press, the Republican National Committee is $23 million in debt. Its new Chairman, Reince Priebus, cut a third of the staff inherited from his predecessor, Michael Steele.
Priebus said "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."
What I thought most interesting about the report though, was that the RNC brought in almost $105 million last year, including the loans, mainly through low-dollar donors and direct-mail solicitations. But Priebus said the costs were too high: 64 cents of every dollar raised went to fundraising.
So, what the results indicate is, that it's not only politicians who know nothing about handling money and lose, waste or burn it continually -their support groups are as bad as they are, if not worse.
It also leads to the question of exactly where the funds went since most fundraisers are volunteers, the organization pays no taxes, and if the group had no office or staff, it's likely money would still pour in because donors believe in the cause. Thus, it indicates that, financially, politicians and their allies continue to screw up the proverbial free lunch.
What it really indicates though, is that the committee suffers for the same reasons as the party it supports and promotes. Nobody in either group really cares a whit about how much is spent, lost or wasted, because none of them have to work for a living and, like most parasites, survive on everyone else's backs.
That's it for today folks.
Adios
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