This… is kind of important.
The Democratic National Committee’s current debts outweigh the amount of cash it has on hand by more than $1.2 million, according to the group’s Wednesday filing with the Federal Election Committee.
The filing revealed that the DNC currently owes $6.7 million in debts and obligations that it cannot cover with the $5.5 million worth of cash it has on hand.
As I noted a while back, the DNC is a shell of what it once was; and while I’m sure that Hillary Clinton thinks that she can power on through without it, there are a lot of Congressional, Senate, and state Democrats who might have a different opinion on the subject. I must admit, though: it’s fascinating, watching the Democratic party reconfigure itself into an organization that has decided to focus almost exclusively on trying to win the Presidency. It’s going to be even more fascinating when it blows up in their faces next year.