A Political Party’s Fiscal Philosophy in Microcosm

The Wall Street Journal has the tale.

Today, a year and a half after the 2012 elections, the Democratic National Committee owes its creditors $15 million.  It closed out the 2012 election season owing $22 million, and after all this time, it’s only paid down a third of that debt.

Today, a year and a half after the 2012 elections, the Republican National Committee owes its creditors…zip.  Nada.  The RNC has no debt.  It also closed out the 2012 election season with…wait for it…no debt.  The RNC, in fact, had $3 million cash on hand.

And with those relative fiscal performances, the Republicans won everywhere—the House, with fewer than usual losses for the minority party in a Presidential election year; the Senate, with fewer than usual losses for the minority party in a Presidential election year; in the state houses, with net gains in legislatures and Governors’ offices—except the White House race.

The Democrats lost everywhere—the mirror image in a two-party system—but the White House.  And we’ve seen how effective this President has been.

Which party’s fiscal performance indicates which party is more fit to govern a nation?

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