Remember this the next time you see some House Democrat running for reelection, pledging “fiscal responsibility”:
Part of the problem for Democrats is debt. The DCCC bet big last fall that it could win seats in regions Democrats never dreamed of representing, taking out large loans to finance an effort that led to a 21-seat victory. By the end of February, the DCCC was underwater financially, with more than $15 million in debt and less than $3 million in cash on hand.
If Democrats are that spendthrift with their own money, imagine how spendthrift they’ll be with yours.
No wonder they like the bailouts. They were as reckless with credit as the wildest house-flipper.