Democrats

The DNC is broke

CNN Money | Posted on

The DNC owes creditors $18.1 million. The RNC has a $12.5 million cash cushion. This is a narrative that really doesn’t reflect well on the way Democrats run things…

From CNN Money:

There’s another budget crisis in Washington, and it’s unfolding inside the Democratic party. The Democratic National Committee remains so deeply in the hole from spending in the last election that it is struggling to pay its own vendors.

It is a highly unusual state of affairs for a national party — especially one that can deploy the President as its fundraiser-in-chief —¬†and it speaks to the quiet but serious organizational problems the party has yet to address since the last election, obscured in part by the much messier spectacle of GOP infighting.

The Democrats’ numbers speak for themselves: Through August, 10 months after helping President Obama secure a second term, the DNC owed its various creditors a total of $18.1 million, compared to the $12.5 million cash cushion the Republican National Committee is holding.

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