WASHINGTON (PNN) - September 9, 2012 - The Democrat National Convention went $15 million over its budget and was forced to borrow money. The miscalculation could hinder illegitimate President Obama’s re-election bid, as his campaign may have to pick up the bill.

Two-thirds of the borrowed money came from Duke Energy Corp., and this chunk of money will need to be repaid next year.

Bloomberg News interviewed several anonymous sources familiar with the convention’s finances in order to understand internal deliberations regarding the budget.

Of the $15 million that the DNC borrowed, $5 million will have to be repaid immediately and is likely to come directly from Obama’s campaign account. In the final months of the presidential campaign - a crucial time for winning over undecided voters - the debts may impact Obama’s ability to spend on advertising and sway Amerikans to vote for his Marxist ways.

Democrats are already facing a cash disadvantage: Presidential nominee Mitt Romney and the Republican National Committee have a bank balance of $169 million, while Obama’s team only has $107 million. The DNC banned direct cash contributions from corporations, which caused it to fail reaching its $36.7 million fundraising goal for the convention.

After financial help from Duke Energy Corp., the DNC was only strapped for $5 million that it would need to immediately repay its vendors. Mike Dino, former executive director for the host committee during the 2008 DNC in Denver, said the illegitimate Obama regime did well by only going over by $5 million.

But even though the Obama campaign is now millions of dollars in debt, it also received 700,000 donations during the convention - more than their goal of 600,000 - potentially limiting the impact of their overspend.