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DNC Chairwoman (Dastardly) Debbie Wasserman Schultz (AP)
By Sandy Fitzgerald | Friday, 27 Nov 2015 04:08 PM
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 ChairmanReince 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.
The DNC’s debt is partly from a $2 million loan from union-owned Amalgamated Bank, according to The Washington Free Beacon, and and could cause problems for DNC Chairwoman Debbie Wasserman Schultz, who is already coming under criticism from her party leadership for how the primary debate schedule is being handled.
The issue may also hinder Democrats’ push to reclaim the House and Senate and win the presidential race,The Free Beacon said.
But Republican strategist Ron Bonjean told Fox that the numbers show the DNC "simply can’t get its act together," and most likely Democrats will have to start relying on outside sources, rather than their own party’s committee.
· For anyone calling him crazy, they haven’t met this woman, make him look like peanuts: Trump Slams DNC Chair Wasserman Schultz as ‘Highly Neurotic,’ ‘Crazy’