Elections, Politics

Cashless: DNC Continues Going Deeper In Debt

Much ado is being made in the leftist media about surprise Democrat victories in local and congressional elections around the country as a harbinger the coming ‘blue wave’.

And despite that the Democrat generic ballot advantage continues to shrink, it’s still a considerable concern.

But here’s the problem for the party that was Obama’s: it’s deeper in debt than ever before.

Well over 6 million in the red, the DNC continues to underperform in fundraising compared to the Republican Party.

So when all the competitive congressional seats need cash leading up to November, the Democrats will have nothing to give them.

That’s the story the media isn’t telling.

Here’s more from Daily Caller…

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The Democratic National Committee (DNC) reported more than $162,000 in additional debt in an amended FEC report filed this week.

The DNC originally reported $6.1 million in debt in its March 2018 FEC report filed on March 20 but amended that report on Monday to include an additional $162,368.64 in debt, bringing the DNC’s total debt to just under $6.3 million.

The Republican National Committee (RNC) has zero debt, according to the committee’s most recent FEC filings.

DNC chair Tom Perez has struggled to keep up with his Republican counterpart, RNC chair Ronna McDaniel. The RNC doubled the DNC’s fundraising in 2017 and has continued running well ahead of the DNC in 2018.

The RNC has almost four times as much cash on hand as the DNC, according to the latest available FEC reports. The RNC reported in March FEC filings, compared to the DNC’s $10.1 million.

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