Despite winning tens of thousands of small contributors, pro-Hillary Clinton super PAC Ready for Hillary is already in debt.
The group has raised more than $11 million since its 2013 founding, picking up hundreds of big-name Democratic donors, the New York Times reported.
By Thanksgiving, the group was in debt. According to the group's FEC disclosures, the group had $875,626 in the bank but also owed a $1 million loan that was intended to expand the organization's grassroots operations for Clinton–including its ill-advised country song ad.
"This investment, used to fund our massive post-midterms direct mail program, will pay dividends from now until Hillary announces her decision" on whether to run for president again, said Seth Bringman, a spokesman for the group.