BOTTOM LINE: The DNC's fundraising and debt problems are harming their 2020 chances

If you ain’t got no money, take your broke self home.

Clearly, nobody at the Democratic National Committee has listened to the chart-topping Fergie and Ludacris collabo “Glamorous."

One thing is for sure—DNC Chairman Tom Perez has presided over a less than glamorous tenure at the head of the Democratic Party.

The DNC has been plagued with fundraising woes that leave them at a serious disadvantage compared to the Republican National Committee.

At the end of April, the RNC reported $45.6 million in contributions this year—while the DNC raised a paltry $19 million.

The RNC also reported no debt with almost $35 million in the bank. The DNC on the other hand had $7.6 million in cash and $6.2 million in debt.

They were even forced to take out a $10 million credit line to keep up. The DNC outraised and outspent their opponents in 2016and were dealt a crushing defeat at the hands of President Trump.

Since then, it would appear that Democrats across the country are deeming their party committee a poor steward of their money.

Here’s the bottom line: The reality is that cash matters when it comes to winning elections.

The DNC is pretty much broke and does not have a cohesive mission. So one has to wonder if they have any chance of remaining impactful in 2020.

EDITOR'S NOTE: Boris Epshteyn formerly served as a Senior Advisor to the Trump Campaign and served in the White House as Special Assistant to The President and Assistant Communications Director for Surrogate Operations.