It turns out that, after these most expensive mid-term elections in American history, both the Democratic National Committee and the Republican National Committee are about $15 million in debt. The difference is that the DNC has $10 million in the bank, while the RNC only has $2 million. This translates into a $5 million deficit for the Tax and Spend Democrats, and a $13 million deficit for the Borrow and Spend Republicans.
HELLO Republicans!!!! Spending alone does not create deficits: it’s spending substantially in excess of revenues and assets that creates deficits. But I guess a party that can’t grasp such a basic economic concept in managing its own little committee can’t be expected to apply that concept to managing a big Federal budget.
Don’t worry, little RNC: your big donors can bail you out with all the money they’re going to save when Republicans in Congress extend the Bush tax cuts for our richest Americans.
No comments:
Post a Comment