Despite liberal lawmakers and the mainstream media predicting a “blue wave” in the 2018 midterm elections, the Democratic Party is “dead broke” and riddled with debt according to insiders familiar with the DNC’s dismal finances.
According to The Week, the Democratic National Committee had a disastrous 2017; coming up short in fundraising goals and saddled with debt from the party’s stunning 2016 presidential defeat to Donald Trump and a string of special election losses.
Year-end filings show the Democratic Party is riddled with more than $6 million in debt, with just over $6.5 million on hand; meaning the party has just $500,000 in cash heading into the highly-contested elections to retake control of Congress.
“Meanwhile, the Republicans are swimming in pools of money. The Republican National Committee had raised $132 million by the end of 2017 — about twice as much as the DNC — and entered 2018 with almost $40 million to spare, with not a penny of debt,” writes the Week.
The lack of Democratic fundraising highlights growing fractures within the Democratic party as it sets its sights on 2018; with the progressive wing furious over Senate Minority Leader Chuck Schumer’s shutdown surrender earlier this month.