(CNN) - The Democratic Congressional Campaign Committee announced Wednesday it raised $61.4 million in 2011, with $5.3 million raised in December.
While the House Democratic re-election group started last year with $19 million in debt, the DCCC reported it's now debt free, with $11.6 million cash on hand.
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Its counterpart, the National Republican Congressional Committee, took in $54.1 million for the year, with $2.7 million in December and $15.24 million in the bank. The NRCC also reported zero in debt.
The Democrats need to capture 25 House seats in this year's elections to re-take the chamber.
– CNN Congressional Correspondent Kate Bolduan contributed to this report.
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They will also need to try and hold on to twice as many empty seats as the Republicans because so many willl not seek re-election. They'll need a LOT more money to con the American people into putting them in office to bankrupt the country.
The funds raised by conventional means is irrelevant in the "Citizens United" era. It is time for a "United Citizens" amendment to the Constitution that overturns the controversial SCOTUS decision. Money is not speech, and corporations are not people.
What is the difference between a society where the government runs all of the businesses, and one where the businesses run all of the government? None. From the average person's perspective, there is no difference.
Sources: Big Unions, Wall Street and Hollywood,
The President has had A LOT to do with your haul.
I hope you bear that in mind and offer him the support that he needs.
I will inform you that you would've seen the LAST donation from yours truly as soon as he is re-elected. Although I am extremely pleased with Ms. Schulz-Wasserman as DNC chair, you guys were nothing if not punks during Obama's first 2 1/2 years in office. Good luck in your future endeavors.
The democrats will need every penny to counter the vicious GOP lies & super pacs. It makes no difference to me how much the democrats raise if it keeps the GOP away from the white house & anywhere else where they can cause serious damage.
I'd be surprised if the Democrats retake the House. It is a hard rise to do with many seat rigged to support the incumbant.
I don't think the Democrats will retake the House. It is too hard a climb. There are many seats in the House that are rigged toward the incumbant.
good we will keep sending our little 5 and 10 dollar donations. we may not have as much pac support but the American people know who is out to help them in spite of all the repo BS
the DNC better be careful what they say about the rich –
"The funds raised by conventional means is irrelevant in the "Citizens United" era. It is time for a "United Citizens" amendment to the Constitution that overturns the controversial SCOTUS decision."
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38 states needed to ratify an amendent. Good luck with that.
The power mongers seek to keep their dictatorship.
Fair is Fair wrote:
38 states needed to ratify an amendent. Good luck with that.
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It would make for a great populist campaign theme.