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Gentry Collins, the political director for the Republican National Committee, quit on Tuesday and wrote a four-page letter slamming the group’s director Michael Steele. “In the previous two non-presidential cycles, the RNC carried over $4.8 million and $3.1 million respectively in cash reserve balances into the presidential cycles,” Collins wrote. “In stark contrast, we enter the 2012 presidential cycle with 100 percent of the RNC’s $15 million in lines of credit tapped out, and unpaid bills likely to add millions to that debt.” Collins says the RNC couldn’t afford ad expenditures or voter turnout operations. Steele has not yet indicated if he’ll run for a second term.