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madmom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 12:06 PM
Original message
Treasurer says Republican Committee in debt
Source: The Associated Press

WASHINGTON -- The Republican National Committee's treasurer says the GOP has millions in debt that wasn't disclosed and he is telling budget committee members that he was misled.

RNC Treasurer Randy Pullen amended the committee's Federal Election Commission reports to show some $3.3 million in debt for May and $3.8 million for June. The RNC, which had crowed about having zero debt, now has more than $2 million in debt, according to FEC reports filed Tuesday.

The financial reports highlight the split between RNC Chairman Michael Steele and Pullen. The latest revelations come as the party has been under fire for lavish spending.

Pullen's memo was first reported by The Washington Times.

Read more: http://www.washingtonpost.com/wp-dyn/content/article/2010/07/21/AR2010072103377.html



this is the whole article
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FarLeftFist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 12:21 PM
Response to Original message
1. Fiscally responsible? NEVER.
Whoever still falls for that myth obviously doesn't have the internet.
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progressoid Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 12:29 PM
Response to Original message
2. Ahhh...nothing like a little mid week schadenfreude
:)
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dtexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 12:30 PM
Response to Original message
3. Foreclose! Foreclose! Foreclose!
;-)
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prolesunited Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 12:32 PM
Response to Original message
4. Gonna be hard to win elections when you are BROKE and hiding it
What a gift, though, for Dems. The GOP runs their party just like the irresponsible corporations that they want to let run a muck in the name of the free market.
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LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 12:33 PM
Response to Original message
5. The Republicans (Bush) put the country in debt...
it would be reasonable to believe that their party would be in debt too.
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Alcibiades Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 12:37 PM
Response to Original message
6. What they have done to the GOP is exactly like
what they have done to the federal government.
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BlueIdaho Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 12:45 PM
Response to Original message
7. Ignoring massive debt... Doesn't that just say it all. nt.
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orbitalman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 01:46 PM
Response to Original message
8. Considering that $$'s are the benchmark for winning elections....
maybe they can try to pull themselves out of debt like the American people are.
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CLANG Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 01:46 PM
Response to Original message
9. There was just an article a few days ago burying the dems because
there was no way the could compete with the massive war-chest the RNC had collected from it's fired-up members. I thought they believed in "fiscal responsibility"? LYING SACKS OF SHIT!!
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Xenotime Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 01:48 PM
Response to Original message
10. Ha! Ha!Ha!Ha!Ha! Somebody needs to call their loans
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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 02:30 PM
Response to Original message
11. Oh, no!!! No more trips to bondage clubs!!!
RNC Blows $2K at Bondage Club

...but they will continue to vote to take food out of the mouths of American children.
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Plucketeer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 02:39 PM
Response to Original message
12. Can you spell HIPOCRASY???
NO MORE GOP campaigns until they're PAID FOR! :rofl:
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dorkulon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 04:57 PM
Response to Reply #12
15. Yes, I can help you with that.
It's spelled "hypocrisy." :hide:
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Plucketeer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 05:17 PM
Response to Reply #15
16. Thank you!
At least I got the meaning Right
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Thav Donating Member (336 posts) Send PM | Profile | Ignore Wed Jul-21-10 03:15 PM
Response to Original message
13. Didn't Reagan say that deficits don't matter?
They'll make up for the debt by writing more checks! Then revenues will increase.
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JBoy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 04:04 PM
Response to Original message
14. Their donors need to reduce their donations. That will increase their overall revenues. Right?
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Zorra Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 05:22 PM
Response to Original message
17. No surprise, especially after they ran our country into the ground. nt
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Joe Bacon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-21-10 11:26 PM
Response to Original message
18. And is this on Fox News?
Ha, you gotta be kidding!!!!!!!!!!
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4_TN_TITANS Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-10 11:46 AM
Response to Original message
19. Quick....
let's give republican donors more tax breaks for donations - that should solve the debt problem, right?
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mahatmakanejeeves Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-10 02:36 PM
Response to Original message
20. It's a Wonderful Life
Edited on Thu Jul-22-10 02:37 PM by mahatmakanejeeves
It's a Wonderful Life, Final Script

MEDIUM CLOSE UP 末 Potter is seated at his desk, his goon beside him. He is signing some papers. George is seated in a chair before the desk, without a hat or coat, covered lightly with snow.

GEORGE: I'm in trouble, Mr. Potter. I need help. Through some sort of an accident my company's short in their accounts. The bank examiner's up there today. I've got to raise eight thousand dollars immediately.

POTTER (casually): Oh, so that's what the reporters wanted to talk to you about?

GEORGE (incredulous): The reporters?

POTTER: Yes. They called me up from your Building and Loan. Oh, there's a man over there from the D.A.'s office, too. He's looking for you.

GEORGE (desperate): Please help me, Mr. Potter. Help me, won't you please? Can't you see what it means to my family? I'll pay you any sort of a bonus on the loan . . . any interest. If you still want the Building and Loan, why I . . .

POTTER (interrupting): George, could it possibly be there's a slight discrepancy in the books?

GEORGE: No, sir. There's nothing wrong with the books. I've just misplaced eight thousand dollars. I can't find it anywhere.

POTTER (looking up): You misplaced eight thousand dollars?

GEORGE: Yes, sir.

POTTER: Have you notified the police?

GEORGE: No, sir. I didn't want the publicity. Harry's homecoming tomorrow . . .

POTTER (snorts): They're going to believe that one. What've you been doing, George? Playing the market with the company's money?

GEORGE: No, sir. No, sir. I haven't.

POTTER: What is it 末 a woman, then? You know, it's all over town that you've been giving money to Violet Bick.

GEORGE (incredulous): What?

POTTER: Not that it makes any difference to me, but why did you come to me? Why don't you go to Sam Wainwright and ask him for the money?

GEORGE: I can't get hold of him. He's in Europe.

POTTER: Well, what about all your other friends?

GEORGE: They don't have that kind of money, Mr. Potter. You know that. You're the only one in town that can help me.

POTTER: I see. I've suddenly become quite important. What kind of security would I have, George? Have you got any stocks?

GEORGE (shaking his head): No, sir.

POTTER: Bonds? Real estate? Collateral of any kind?

GEORGE (pulls out policy): I have some life insurance, a fifteen thousand dollar policy.

POTTER: Yes . . . how much is your equity in it?

GEORGE: Five hundred dollars.

POTTER (sarcastically): Look at you. You used to be so cocky! You were going to go out and conquer the world! You once called me a warped, frustrated old man. What are you but a warped, frustrated young man? A miserable little clerk crawling in here on your hands and knees and begging for help. No securities 末 no stocks 末 no bonds 末 nothing but a miserable little five hundred dollar equity in a life insurance policy. You're worth more dead than alive. Why don't you go to the riff-raff you love so much and ask them to let you have eight thousand dollar? You know why? Because they'd run you out of town on a rail . . .But I'll tell you what I'm going to do for you, George. Since the state examiner is still here, as a stockholder of the Building and Loan, I'm going to swear out a warrant for your arrest. Misappropriation of funds 末 manipulation 末 malfeasance . . .

George turns and starts out of the office as Potter picks up the phone and dials.

POTTER (cont'd): All right, George, go ahead. You can't hide in a little town like this.

George is out of the door by now. CAMERA MOVES CLOSER to Potter.

POTTER (cont'd)
(on phone): Bill? This is Potter.
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