We’re in an election year and you would think that the Republican National Committee would be flush with cash from all the donations they’ve gotten. But that’s not even close to the reality.

According to the Washington Times, the RNC is so strapped for cash that they need to open a line of credit:

The cash-strapped Republican National Committee will consider opening a line of credit when members gather for their winter meeting that starts Tuesday in Las Vegas, The Washington Times has learned.

The credit-line question will be put to a vote by RNC members at the meeting.

The RNC‘s money problems have been mounting since officials announced last summer a $15 million shortfall from projected fundraising levels, with both big-dollar and small-donor contributions drying up.

“They’re 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,” an alarmed RNC member told The Times.

A party official close to RNC Chairwoman Ronna McDaniel insisted the new credit line was nothing unusual. The official said the executive committee authorizes more credit every year in case it is needed, but that does not mean the party will draw from it.

Some have blamed the RNC‘s financial hardships on a double-edged “Trump effect.”

According to that theory, big-dollar donors weren’t giving last year because many didn’t want to support former President Donald Trump, and small-dollar contributions were not coming in because those donors did not think the RNC was sufficiently supporting Mr. Trump.

Whatever the reason, the RNC is trailing in the money race.

The Democratic National Committee reported having about $20 million in the bank as of Nov. 30, more than double the RNC‘s $9 million cash on hand, according to filings with the Federal Election Commission.

No nothing to see here. Everything’s gonna be just fine. Totally fine. It won’t be a repeat of 2023 at all. …I tell myself.