The Democratic National Committee is acting consistently with their Party’s principles and continuing to add massive amounts of debts to their books.
In February the DNC took on $2 million in debt, bringing their total debt to $6.1 million.
The numbers were just released for March, and they haven’t gotten any better for Democrats. According to the Daily Caller:
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 fundraising scorecard for 2017 was as follows:
RNC nearly doubled the DNC: $132.5M raised vs. $65.9M
RNC has four times more cash on hand than the DNC
RNC has $38.8M net cash, DNC has $423K
Think the same trend will continue this year? That’s where things are already headed.
The RNC has fundraised $157.7 million so call this year and has $42.4 million in cash on hand. By contrast, the DNC has raised just $79 million in total fundraising over the same period, and just $10.1 million in cash on hand.
DNC Chair Tom Perez’s explanation for why they needed to take on debt was that Republicans simply “have more rich donors.” It’s a particularly funny explanation, because a larger percent of the RNC’s donation’s have been small donations. In other words, the RNC is out-raising the DNC, while receiving less money per donor on average.
That’s not his only lie about the DNC’s fundraising. Back in March, he claimed that the DNC raised “raised more money in January 2018 than in any previous January.”
In reality, the DNC raised $6 million in January, far below what they raised in January 2014 ($6.6 million), January 2012 ($13.2 million), January 2011 ($7.1 million) and January 2010 ($9.1 million).
Is the DNC a sinking ship? Let us know your thoughts in the comments section below.