He doesn’t need any more money, but U.S. Sen. Lindsey Graham (RINO-S.C.) will benefit from yet another status quo political action committee as he prepares for his 2014 reelection bid.

According to our sources, the new “Super PAC” is being organized on behalf of the tax-hiking fiscal liberal by South Carolina political consultants Walter Whetsell and Katon Dawson (the former SCGOP chairman who is famous for his membership in a “whites only” country club).

Obviously Graham doesn’t need any more cash. He’s the biggest special interest whore in Washington, D.C., and on top of that he’s got all sorts of far-left special interests running independent expenditure ads on his behalf – ads which, ironically, tell South Carolina voters how “conservative” he is.

Anyway …

Graham’s problem? A large wad of cash has a point of diminishing returns. As the massive Democratic cash drop against former S.C. Gov. Mark Sanford in the South Carolina first congressional district race revealed, there’s a point of saturation where television ads bleed into one another …

Also if Graham’s opponent winds up being Lowcountry businesswoman Nancy Mace … it’s unlikely Graham (or big spenders acting on his behalf) would be able to target her with a negative smear campaign.

Don’t get us wrong … Graham’s mountain of money is formidable, but if the right kind of challenger is able to draw even half of the resources Graham draws, “game on.”

Not only that, Graham’s many weaknesses – including that whole “lying about being a combat veteran” thing – will have to be addressed via defensive spending.