by NewsHour

From Ronald Reagan, who tripled the national debt, to George W. Bush, who turned a record surplus into a record deficit, you just can’t trust Republicans with money.

As Republicans and Democrats prepare for what is sure to be a contentious 2012 election cycle, the Republican National Committee finds itself $23 million in debt, committee chairman Reince Priebus announced on Monday.

Priebus said the RNC’s year-end report would announce $21 million in debt for 2010, but that updated figures put the debt at approximately $23 million.

“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.”

Deadbeats. How reckless and irresponsible to spend money they don’t have, passing on their debts to future Republicans. It’s about time the GOP stopped trying to spend their way to prosperity and tightened their belts, like everyone else.

Oh right, that only applies to poor people.

Blue Texan

Blue Texan