The Republican National Committee has a war chest of $20 million on hand, while the Democratic National Committee is sinking deeper in the hole as little cash is coming in while the party's debts continue to rise, according to new reports.
"With just under a year until Election Day 2016 we’re seeing great enthusiasm for the GOP," RNC Chairman Reince Priebus said in a press release, reports Fox News.
The RNC announced last week it brought in a total of $8.7 million in October, setting a record for fundraising during a off year for presidential races, and according to the Center for Responsive Politics, the party has raised $89.3 million duirng this election cycle. It has more than $20 million in chash on hand, and owes $1.8 million.
The DNC, though, has raised a total of $53.2 million, and has just $4.7 million in cash in hand, but $6.9 million in debts it owes. In October alone, the DNC raised just under $4.5 million, but spent $5.2 million.
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So.. I guess deficit spending will end up biting them in the tail, eh?
ReplyDeleteCool.
Nah! They have been doing this for decades with our tax dollars so they are well versed in how to not pay the debt!
DeleteSo after all the "Stimulus" spending that wound up in the DNC coffers they're still broke?
ReplyDeleteMaybe the RNC can use that cash to find a candidate worthy of being nominated.
ReplyDelete