Yay Team!

The Republican National Committee ended the 2012 presidential cycle in the black, the party announced Thursday.

The committee ended the year with $4.7 million in cash on hand, and raised $378 million over the last two years.

That’s a stark contrast to how the party began the presidential cycle, when it was saddled with $24 million in debt. The debt was mostly accrued under the leadership of former party chairman Michael Steele. The committee has now paid off that debt and is running a surplus — putting the party in a solid financial situation going into the 2014 midterms.

Combined with Mitt Romney’s presidential campaign, the party raised $632 million in 2012.

Here’s an idea, why not start spending some of that on a Get Out The Vote effort that will actually work in 2014?