Democrats' campaign machine won the House -- and left them $18 million in debt

[brooklynite]

Source: NBC News

First came the blue wave, then came the red ink.

The new leader of the Democratic Congressional Campaign Committee, who is slated to be chosen Wednesday in the party's internal elections, will inherit $18 million in debt from this year's midterms, a source familiar with the group's finances told NBC News.

It’s common for campaigns and party committees to finish election cycles in the hole as they throw everything they have — and then some — at an election, but the $18 million will have to be made up through fundraising before the new chairman can start building a warchest for the next election cycle.

Read more: https://www.nbcnews.com/politics/elections/democrats-campaign-machine-won-house-left-them-18-million-debt-n940976

---

Sigh -- the phone calls will be coming soon.

[California_Republic]

1. Well we got some bang for our bucks

[brooklynite]

2. Absolutely true, but it's always hard to get people to pay up at the back end...

[rainy]

3. Oh the waste and absurdity of how we

elect people in this country😳😩

[Canoe52]

14. +1000

[FreepFryer]

4. eg Democratic Party raised $50m less, spent $50m more, and have $10m less on hand...

I wouldn't go screaming hair on fire about this.

Source: Center for Responsive Politics

Total Raised Total Spent Cash on Hand Debts
Democratic Party $802,494,563 $738,760,326 $98,641,450 $35,026,927
Republican Party $859,558,534 $694,194,003 $111,664,218 $18,929,520
Democratic National Cmte $151,826,091 $148,843,665 $14,771,212 $6,259,750
Republican National Cmte $283,584,298 $274,675,319 $34,236,991 $0
Democratic Congressional Campaign Cmte $250,344,135 $240,202,632 $16,823,747 $5,000,000
National Republican Congressional Cmte $174,067,562 $152,535,745 $32,968,278 $0
Democratic Senatorial Campaign Cmte $135,258,882 $117,176,613 $21,381,097 $21,116,860
National Republican Senatorial Cmte $129,354,624 $122,146,750 $14,340,813 $17,000,000

NOTE: All the numbers on this page are for the 2018 election cycle and based on Federal Election Commission data released on November 28, 2018.

Feel free to distribute or cite this material, but please credit the Center for Responsive Politics. For permission to reprint for commercial uses, such as textbooks, contact the Center: [e-mail]

https://www.opensecrets.org/parties/

[George II]

6. See my post #7 just below this. Not to think we should relax, but Democrats are flush...

...with funds after this election. It's just not in the one location where the originator of the article is looking.

[FreepFryer]

15. You mean post #5? Cheers. It's nice to get access to piping hot DINO scumbag talking points tho (nt)

[George II]

17. Hah, yes indeed, #5! I have to LOOK at what I'm typing, not just "touch type", thanks!

[George II]

5. That article is an alarmist oversimplification. It doesn't include all the money that candidates...

...have remaining in their treasuries or other sources of funds.

For example:

Nancy Pelosi still has $1.3M
Schumer still has over $9M and won't run again for four years
Sanders has more than $5M and won't run again for six years
Gillibrand has more than $10M and won't run again for six years
Warren has $14M and won't run again for six years

There are many others in similar positions, and most Democrats (not all unfortunately) contribute a lot to the DNC and other Democratic committees.

So, this "$18M debt" is misleading and in the overall picture is inaccurate.

[PaulX2]

9. Nancy Has Only 1.3M Great She Spent It All Helping Others

The rest may run for president and won't help the DCCC.

It's up to us to fight to win more seats in the house.

[George II]

18. Back in the spring Elizabeth Warren made contributions to all 50 state Democratic Parties...

....and the DNC. Good Democrats "share the wealth", whether they're running for other office in the future or not. They know that their success depends upon the strength and success of the Democratic Party.

I'm sure Pelosi spent funds on many campaigns around the country. Many Democratic members of Congress do that too - I know John Larson (my Congressman) in some elections has wound up spending collectively more on other candidates' campaigns than his own.

There are many "pots" from which Democrats dip over the course of campaigns, and hopefully it all goes toward electing Democrats.

[brooklynite]

11. Senators don't contribute to DCCC funding...their money goes to DSCC

[George II]

12. My point was that Democrats all over the country have excess funds over and above...

....both the DCCC and DSCC.

The NBC piece implies that Democrats are in debt, but overall they're not. It's kind of like someone with a $100K mortgage but $300K in savings. If one only looks at the mortgage, that person is "in debt", when in fact that person is not.

I'm not saying we should relax but things aren't as dire as that piece implies.

[brooklynite]

13. Historically, Electeds have been reluctant to bail out Committee debt...

One of the key jobs of the DCCC is twisting arms of reluctant House members to pay dues and make contributions.

[George II]

20. According to opensecrets.org, in the 2018 election cycle the following contributions were received..

...by the DCCC from campaign committees:

Pelosi $1,311,000
Hoyer $ 999,999 (probably a reason for holding back that $1!)
Sanchez $ 525,000
Neal $ 500,000
Crowley $500,000
Kiwet $410,000

and many many others.

[PaulX2]

7. Just Sent DCCC $15

We donated over a hundred million for the election. Now time to pay the debt off, and get ready for 2020. We have more seats to flip, and 235 to defend.

Please help.

[dembotoz]

8. Where the debt is real it must be paid

We are not trump

[mcar]

10. Worth every penny

[FreepFryer]

16. If Mark Penn and his DINO Labels caucus is such a hero to Democrats, let him write a check.

WHO’S THE MYSTERY MAN BEHIND THE LATEST PELOSI PUTSCH? IT’S MARK PENN.

A SMALL GROUP of billionaire-backed Democrats, part of the so-called Problem Solvers Caucus in Congress, has launched a last-ditch effort that threatens to derail Rep. Nancy Pelosi’s election as House speaker.

They’ve framed their challenge to Pelosi, a California Democrat, in terms of good government and high-minded bipartisanship. Yet the force behind their campaign is one of the most toxic and notorious partisan warriors the Democratic Party has produced in the past three decades: political and corporate consultant Mark Penn.

The Problem Solvers Caucus is made up of 12 Democrats and 12 Republicans; nine of the Democrats have publicly committed to opposing Pelosi on the House floor if she doesn’t meet their demands for House rules changes largely aimed at legislatively empowering Republicans. Combined with the holdouts from the last putsch effort, there would be enough votes to thwart Pelosi.

https://theintercept.com/2018/11/26/nancy-pelosi-speaker-no-labels-mark-penn/

[Maxheader]

19. Wait till they have to pay for 2020...

What will it cost to bring the traitor down?

Or..will mueller make that unnecessary?