The DNC is Broke and in Debt

The Democratic National Committee (DNC) is financially insolvent heading into the 2016 election year. Federal Election Commission records reveal the DNC reported a nearly million-dollar debt, marking the fourth month in a row that the DNC spent more money than it took in.

The DNC raised $4,456,789 in the month of October, according to its most recent filing. But the committee spent $5,254,928, for a net loss of $798,139.

That’s not quite as bad as September, when the party took in $4,296,011 but spent $5,504,823 for a net loss of more than $1.2 million. The DNC has only $4,703,185 in cash on hand against a $6,921,661 debt.

Advertisements

Let me know what you think...

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s