Authored by Chase Smith via The Epoch Times(emphasis ours),
On April 30, Maine’s Democratic Gov. Janet Mills dropped out of the race for a U.S. Senate seat.
In a statement about suspending her campaign, Mills was blunt:
“While I have the drive and passion, commitment and experience, and above all else—the fight—to continue on, I very simply do not have the one thing that political campaigns unfortunately require today: the financial resources.”
As Mills said, financial resources matter in today’s political environment as campaigns grow more expensive each cycle.
First-quarter financial reports filed in April with the Federal Election Commission (FEC) show where some of that money is going—and where it is not.
Democratic candidates across the country are raising large sums of money. Democratic Senate candidates, including Georgia Sen. Jon Ossoff, former North Carolina Gov. Roy Cooper, and former Ohio Sen. Sherrod Brown, are sitting on tens of millions of dollars with zero debt.
The party’s congressional campaign arms—the Democratic Senatorial Campaign Committee (DSCC) and the Democratic Congressional Campaign Committee (DCCC)—which work to elect Democrats to each chamber of Congress, carry zero debt and have tens of millions in cash.
On the Republican side, every major committee has a strong cash position.
Meanwhile,the Democratic National Committee (DNC) is in debt.
Source: ZeroHedge News
