You can’t spend more money than you take in. Economics 101.
Well, you can. But it won’t end well in most cases.
Enter the Democrat National Committee, which continues to teach Americans how to waste money…
From Townhall:
Bloomberg reports that the Democratic National Committee’s financial woes continue as Chairman Tom Perez and his colleagues continue to spend more than they take in. In fact, the DNC has already added $3 million in new debt in just the past four months. The Republican National Committee, however, is raking in boatloads of cash ahead of the 2020 election which will surely give President Donald J. Trump a leg up on whomever he ends up running against.
In 2019 already, the “DNC had collected contributions of more than $24.4 million but had spent $28.4 million, according to the latest disclosures. It had $7.6 million cash on hand, $1 million less than in January. It posted $6.2 million in debt, including bank loans and unpaid invoices to vendors,” according to Bloomberg.
But, the RNC has $34.7 million on hand with no debt at all. Plus, the GOP has raised $63 million this year.
You can read more from our friends over at ILoveMyFreedom.org
