DNC goes deeper into debt, takes out loan for midterm elections

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Not only has the Democratic National Committee (DNC) consistently remained behind Republicans in fundraising month after month, but but they have now had to take out a $1.7 million loan in February, in preparation for the 2018 midterm elections.

In an exclusive report from the Daily Caller, it was noted that the new $1.7 million loan now raises the DNC’s debt to over $6 million, according to recent Federal Election Commission filings.

The Daily Caller noted that things were so bad for the DNC during the 2016 presidential campaign, they had to borrow money from Hillary Clinton’s campaign.

In February, the Republican National Committee raised about twice what the DNC took in, with $12.8 million for the RNC, compared to $6.9 million for the DNC.

The national Democratic arm has just over $10 million cash on hand, the Daily Caller reported.

Chairman Tom Perez even proclaimed that “raised more money in January, for instance, of 2018 than any January in our history.” That claim, based on $6 million raised by the DNC and $1 million by a separate fundraising group, was an exaggeration and omitted key facts, according to the Washington Post’s Fact Checker. The party raised more than $7 million in January 2010, 2011, and 2012.

“If the question is, ‘Do we have enough money to implement our game plan?’ Absolutely,” Perez said.

Perez also claims that Republicans have more rich donors. “When I read stories that the Republicans out-raised the Democrats, that’s kind of a dog-bites-man story,” Perez said. “They’ve got a lot more rich donors than we do.”

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