The Democratic Congressional Campaign Committee senses a chance to take back the House of Representatives – but it also senses a large amount of independent PAC cash trying to prevent that event. The result is a new line of credit to spend on targeted races.
According to a Politico report, the DCCC is getting a credit card loaded with $17M to use as it sees fit. Its options include a possible decision to use only part of the facility.
The DCCC needs to win a net of 25 seats to take the majority. According to its website, it believes that 75 seats are still in play. It currently sees Republicans losing 31 races and tied and sinking in 12 others.
The DCCC’s opposite number, the National Republican Congressional Committee, is also spending, but according to Politico, it is the outside groups that DCCC seems to believe it needs to counter.
This will not be the first time that the DCCC has taken on debt in the heat of the campaign. It did so during the last election cycle as well. It may make sense to do so in the heat of battle, but the downside, of course, is that it will start the Committee out in a hole when looking toward the 2014 election cycle.