Frustration with GOP leader despite expected gains - Yahoo! News The RNC has raised more than $79 million this year and has spent all of it and then some. The RNC ended September with about $3.4 million in cash on hand and $4.6 million in debt. The RNC also took out a $2.5 million loan in September. Steele had started the job with a $23 million surplus. That money is long gone. Doesn't this sound eerily similar to when Bush came into office with a surplus and turned it into a deficit?