{"id":8001,"date":"2024-02-02T17:44:04","date_gmt":"2024-02-02T12:14:04","guid":{"rendered":"https:\/\/cccfornews.com\/index.php\/2024\/02\/02\/rncs-line-of-credit-to-be-collateralized-with-donor-list\/"},"modified":"2024-02-02T17:44:04","modified_gmt":"2024-02-02T12:14:04","slug":"rncs-line-of-credit-to-be-collateralized-with-donor-list","status":"publish","type":"post","link":"https:\/\/cccfornews.com\/index.php\/2024\/02\/02\/rncs-line-of-credit-to-be-collateralized-with-donor-list\/","title":{"rendered":"RNC&#8217;s Line of Credit to be &#8216;Collateralized&#8217; With Donor List"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>A report from RedState\u2019s Jennifer Van Laar details that the Republican National Committee (RNC) members were notified that the $10 million line of credit the executive committee is seeking will be \u201ccollateralized with the RNC donor list.\u201d<\/p>\n<p>$5 million is used in the proposed 2024 budget, Van Laar noted.<\/p>\n<p>The reporter\u2019s statement, in full, read, \u201cMultiple sources tell me that the RNC Winter Meeting today committee members were told that the $10 million line of credit the RNC Executive Committee is seeking ($5 million of which is used in the proposed 2024 budget) will be collateralized with the RNC donor list.\u201d She added, \u201c(Don\u2019t ask me how all of that works; I\u2019m just reporting it.)\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 SCOOP: Multiple sources tell me that the RNC Winter Meeting today committee members were told that the $10 million line of credit the RNC Executive Committee is seeking ($5 million of which is used in the proposed 2024 budget) will be collateralized with the RNC donor list.\u2026<\/p>\n<p>\u2014 Jennifer Van Laar (@jenvanlaar) <a href=\"https:\/\/twitter.com\/jenvanlaar\/status\/1752941306777895067?ref_src=twsrc%5Etfw\">February 1, 2024<\/a><\/p><\/blockquote>\n<p>Leading up to the RNC\u2019s winter meeting, an RNC member shared with <a href=\"https:\/\/www.washingtontimes.com\/news\/2024\/jan\/26\/rnc-seeking-new-credit-line-to-help-climb-out-of-m\/?utm_campaign=shareaholic&amp;utm_medium=twitter&amp;utm_source=socialnetwork\" target=\"_blank\" rel=\"noreferrer noopener\">The Washington Times<\/a>, \u201cThey\u2019re going to ask the members to take a vote on opening up a line of credit for the RNC, which would allow the RNC to borrow money.\u201d<\/p>\n<p>Another official close to the matter claimed the credit line was not uncommon.<\/p>\n<p>A report from <a href=\"https:\/\/redstate.com\/jenvanlaar\/2024\/01\/31\/ongoing-spending-issues-show-that-the-rnc-didnt-learn-a-single-lesson-over-the-past-year-n2166897\" target=\"_blank\" rel=\"noreferrer noopener\">RedState<\/a> found that between October 20, 2022, and November 30, 2023, the RNC spent $127,735,489.96.<\/p>\n<p>The Democratic National Committee (DNC) spent $156,900,372.28.<\/p>\n<p>While the DNC spent more in total, the RNC spent a significant amount on floral arrangements.<\/p>\n<p>In that category, the RNC spent $70,328.00, whereas the DNC spent a mere $795.<\/p>\n<p>Within the \u201coffice supplies\u201d category, the RNC spent $297,717.64, while the DNC spent $45,005.<\/p>\n<p>In 2022, American Faith <a href=\"https:\/\/americanfaith.com\/rnc-spent-millions-on-extravagant-nonsense-private-jets-entertainment\/\" target=\"_blank\" rel=\"noreferrer noopener\">reported<\/a> that the RNC spent $5,000 on Lululemon clothing, categorizing it as \u201coffice expenses.\u201d<\/p>\n<p>Other \u201coffice expenses\u201d included coffee, cupcakes, candles, and goods from miscellaneous stores such as Pottery Barn, Crate and Barrel, West Elm, and more.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/americanfaith.com\/rncs-line-of-credit-to-be-collateralized-with-donor-list\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A report from RedState\u2019s Jennifer Van Laar details that the Republican National Committee (RNC) members were notified that the $10 million line of credit the executive committee is seeking will be \u201ccollateralized with the RNC donor list.\u201d $5 million is used in the proposed 2024 budget, Van Laar noted. The reporter\u2019s statement, in full, read, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8002,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[]},"categories":[43],"tags":[],"_links":{"self":[{"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/posts\/8001"}],"collection":[{"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/comments?post=8001"}],"version-history":[{"count":0,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/posts\/8001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/media\/8002"}],"wp:attachment":[{"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/media?parent=8001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/categories?post=8001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/tags?post=8001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}