Talking heads on the political right routinely accuse the political left of being fiscally irresponsible. But each side will point to eras in America’s political history where it seems the other side is responsible for the financial problems we’re in as a nation. Is there any way to objectively determine which party can live within its means, so to speak, and which is incapable of fiscal restraint? Of course there is.
(The Hill) — The RNC also has significantly more cash on hand than the Democratic National Committee. It had $12.3 million in cash on hand and no debt at the end of July, while the DNC had $4.1 million in cash on hand and nearly $18.5 million in debt — an increase from the end of June.
The RNC reported raising about $5.9 million and spending $6.3 million last month, while the DNC raised $3.9 million and spent $5.4 million.
Republicans are running a surplus of more than $12 million, and the Democrats are running a more than $18 million deficit. Apparently there is one party more able to balance a checkbook than the other.