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Friday, March 23, 2018

DNC Takes Out $2 Million Loan

Nine months before critical midterms where Democrats are defending a record number of Senate seats, the national party is falling deeper into debt.

The Democratic National Committee (DNC) took out a $1.7 million loan in February, pushing their total debt to more than $6 million, according to recent Federal Election Commission filings.

Meanwhile, the party’s fundraising efforts yielded around half the total amount as the Republican National Committee (RNC). The DNC brought in $6.9 million in February, while the RNC raised $12.8 million.

The national Democratic arm has just over $10 million cash on hand, The Republican’s will likely need the vast amounts of cash heading into the midterms, which are historically unfavorable to a new president’s party.

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5 comments:

  1. Considering the quality of the big ticket items they put out, I wouldn't lend them a penny.

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  2. Mainstream media been touting they have record amounts of money,lies again.

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  3. I saw that too on CNN . Rolling in cash ,never taken in so much money in small donation. Its beyond a lie. Active political indoctrination by news organization.

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  4. The fat failure spent it all. If there was any left she stole it.

    ReplyDelete
  5. the have about 10 million and they owe about 7 million so why don`t they pay off their debts?

    ReplyDelete

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