Declaring “Republicans must walk the talk,” GOP chairman Michael Steele said today he is managing the party according to the same policies it advocates for the United States.

“I am running the party as a de facto Government Lab in order to demonstrate to the American people what Republican leadership will do for the nation,” said Steele.

The centerpiece of the demonstration is strict adherence to conservative budget principles. “I have radically increased the Republican Party’s expenses since becoming leader,” he said, “spending more on private jets, limos, consultants, high-class lodging, fine dining and catering than any of my predecessors.”

“Combining higher expenditures with drastic cuts in membership revenue is sound Republican fiscal policy, proven during the flawless governance of the Reagan, Bush and Bush presidencies,” Steele said.

“The American people need to be reminded that our policies are what brought America to where it is today — poised on the edge of the future. Once reminded, they’ll forget Nancy Pelosi’s socialist plan for more jobs, fair taxation and affordable health care,” he said.

“We’re going to create a permanent Republican majority if I have to amass the biggest long term debt in the history of U.S. political parties,” Steele said.