Republican Amy Stephens quietly announced her Q4 (2013) fundraising numbers late on Friday afternoon, and it was no surprise as to why: With an embarrassingly-low $51,000 raised in her first full fundraising period, her campaign resembled a race horse bursting out of the starting gates and immediately falling face first into the dirt.
We thought Stephens' fundraising numbers were bad already, but that was before we saw her official Quarterly Report filed with the FEC. Things are actually much worse for Stephens. Much, much worse. Here's the breakdown:
AMOUNT RAISED: $51,654
AMOUNT SPENT: $3,462
CASH ON HAND: $48,192
DEBTS & OBLIGATIONS: $59,711
Yeah, that's not good. Stephens currently owes $11,000 MORE than she has in the bank. She obviously doesn't have to worry about paying back those loans anytime soon, but it creates a different kind of pressure if you aren't raising enough money to even cover your debts. Can Stephens really put together the resources for a serious statewide campaign?