Republican Party debt

Discussion in 'Politics' started by Old Rocks, Apr 3, 2011.

  1. Old Rocks
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    Old Rocks Diamond Member

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    My goodness, these are the people that are preaching fiscal conservatism? Perhaps this has something to do with why every time we get a Republican President, we get a massive increase in the debt and deficit. Even when they come in and take over a balanced budget on a good economy. When they leave we have a massive debt and deficit.

    Republican Party Has $23 Million Debt As It Gears Up for 2012 | CNSnews.com

    Washington (AP) - Newly elected Republican National Committee Chairman Reince Priebus took the job with $23 million in debt and cut a third of the staff he inherited from his predecessor, the controversial and gaffe-prone Michael Steele.

    In year-end federal finance reports on Monday, the GOP central committee showed that $2 million of its debt came during Steele's final two weeks as he sought to keep hold of his chairmanship. The Democratic National Committee, meanwhile, reported a continued fraction of that debt but had enough cash in the bank to pay off the loans immediately
     
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