A couple of posts down, I noted that Hillary -- after working her heart out for Obama in the general -- is still trying to retire her debt, even though Obama is still sitting on a mound of campaign cash. Well, it turns out that
many other Democrats have a similar issue, and a similar complaint.
The Democratic National Committee is carrying about $5 million in debt, with almost $12 million cash on hand. DNC officials say they expect to have the debt paid by the end of the year. The Democratic Congressional Campaign Committee carries some $19 million in debt and less than $3 million on hand. The Democratic Senatorial Campaign Committee is nearly $13 million in debt.
Obama aides emphasize the campaign expects to continue having expenses, along with tax obligations and political operations. They also say Obama has little interest in bankrolling state committees or individual candidates.
Why is Obi holding onto the money? 2012, obviously.