The Fix - RNC is $23 million in debt
The Republican National Committee has about $23 million in debt as it prepares for the 2012 election cycle, new Chairman Reince Priebus announced Monday.
The committee's year-end financial report will show $21 million in debt through Dec. 31, Priebus said, but a more up-to-date total is closer to $23 million. That's about $8 million higher than previously reported.
"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," 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."
they love debt. Slow paying vendors huh? I wonder if any of those vendors will have to file bankruptcy because of slow payment?
Anyway Reagan proved that the debt does not matter.
Are you saying their success is because they are Communist or because they have Asian leaders?