The Democratic party is having a financial crisis and party chairwoman Debbie Wasserman Schultz wants the taxpayers of this country to bail them out of their troubles.
According to the Washington Times, the Democratic National Committee has just $4.7 million in cash on hand. However, they have $6.9 million in reported debt. To contrast that mishandling of finances, the Republican National Committee has $20.4 million in cash on hand and only $1.9 million in debt.
While the Republican party is flush in cash, the DNC is struggling to raise funds for their national convention. In order to pay for the convention in which they will nominate their presidential candidate, Schultz, who is also a Congresswoman, has drafted a bill in which both parties can receive money that they used to receive from the federal government. If approved, that would send $20 million dollars to the DNC.
Under that bill, the Republicans would be able to secure $20 million in additional funding as well. However, the RNC spokeswoman Allison Moore has said that the party does not need the money. “We support no taxpayer funding as long as there’s an alternate way for us to raise the funds to mount a successful convention,” Moore said.