Democrats run their campaigns like they’re running the country – with lots of debt.
President Barack Obama’s re-election campaign and the Democratic National Committee ended 2012 with large debts.
Campaign finance reports filed Thursday show Obama’s campaign ended the year with $5.8 million in debt while his party’s political arm, the DNC, owed $21.4 million. The two groups ended the year with a combined $7.5 million in the bank. (Read More)
The RNC ended the year with a big surplus, and according to the Romney campaign’s latest filing, it too is in the black, even after quietly making a large donation to the Red Cross for Hurricane Sandy relief.