The Democratic National Committee has apparently taken a page from the Bidenomics playbook: when in doubt, borrow your way into a deeper hole and call it progress. According to a fresh filing with the Federal Election Commission, the DNC took out $15 million in loans in October. That’s right, folks — the party that claims to be the voice of fiscal sanity is now maxing out the credit card like a college freshman on spring break in Cancun.

DNC Chair Ken Martin tried to put a bow on it, saying, “I made a bet that investing early would build power, rack up wins and rally supporters back to the table.” Translation: the donor well is running dry, so we’re borrowing cash to keep the lights on and the consultants fed.

And it’s not just the amount — it’s when they’re doing it. National parties don’t usually go this deep into debt this early in the election cycle. This isn’t a Hail Mary in the fourth quarter. This is the Democrats lighting their war chest on fire in the preseason and hoping someone in the bleachers Venmos them a bailout.

Now, to be fair, they did win some races this month. They dropped over $6 million in New Jersey and Virginia gubernatorial contests and tossed a few hundred thousand into Pennsylvania’s Supreme Court race. And yes, they walked away with wins. But let’s be honest — if you set $15 million on fire and don’t win at least a few local races, you’re not running a political party, you’re running FTX.

Meanwhile, over in the land of fiscal sanity, the Republican National Committee is sitting pretty with $86 million in the bank as of the end of September. That’s not a war chest — that’s a fully armed battleship with gold-plated cannons. While the DNC is shaking the sofa cushions and pawning grandma’s jewelry, the RNC is loading up for 2026 with resources to spare.

And let’s not forget the convenient little footnote that earlier this year the DNC had to pay off $18 million in leftover expenses from Kamala Harris’ doomed 2024 campaign. You remember that campaign — the one that was about as popular as a root canal and about as coherent as a Biden press conference. So after blowing through tens of millions propping up a vice president who couldn’t even carry her home state, they’re now borrowing millions more in the hopes of staying politically relevant.

What’s clear is that the Democratic Party is addicted to spending money it doesn’t have. Whether it’s in Washington or at the DNC, their solution to every problem is the same: borrow, spend, repeat. And they’re banking on the idea that voters won’t notice the red ink until after the next election.

But here’s the kicker: even with all this borrowing, their grassroots fundraising is limping along. The DNC raised $7.5 million from donors in October — better than a few months ago, but still nothing to brag about. That’s barely enough to cover the interest on their new loans, let alone build a winning strategy for 2026.

So what are we really looking at here? A party that’s burning through cash faster than Hunter Biden through a hotel minibar, just to keep its political machine on life support. And while they crow about “building power,” what they’re really doing is mortgaging their future to win a few headlines and hang onto power by their fingernails.

Americans deserve better than a party that treats fiscal responsibility like an afterthought and debt like a lifestyle. Let’s just hope voters remember who’s writing checks they can’t cash when it comes time to vote again.