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The DNC is nearly broke [Feel Good Story of the Day!]
CNN Money/Fortune Magazine ^ | September 30, 2013 | Tory Newmyer

Posted on 09/30/2013 1:13:56 PM PDT by SoFloFreeper

As the government nears shutdown, the fundraising arm of the Democratic Party is having a budget crisis of its own.

There's another budget crisis in Washington, and it's unfolding inside the Democratic party. The Democratic National Committee remains so deeply in the hole from spending in the last election that it is struggling to pay its own vendors.

It is a highly unusual state of affairs for a national party -- especially one that can deploy the President as its fundraiser-in-chief -- and it speaks to the quiet but serious organizational problems the party has yet to address since the last election, obscured in part by the much messier spectacle of GOP infighting.

The Democrats' numbers speak for themselves: Through August, 10 months after helping President Obama secure a second term, the DNC owed its various creditors a total of $18.1 million, compared to the $12.5 million cash cushion the Republican National Committee is holding.

Several executives at firms that contract to provide services to the party -- speaking anonymously to avoid antagonizing what remains an important if troubled client -- describe an organization playing for time as they raise alarms about past-due bills falling further behind. And senior strategists close to the DNC say they worry the organization appears to have no road map back to solvency. "They really thought they could get this money raised by the summer," one said, "but the fact is, from talking to people over there, they have no real plan for how to solve this."

(Excerpt) Read more at finance.fortune.cnn.com ...


TOPICS: Extended News; News/Current Events; Politics/Elections
KEYWORDS: debbieblabbermouth; dnc; dncbroke; rats
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Several executives at firms that contract to provide services to the party -- speaking anonymously to avoid antagonizing what remains an important if troubled client -- describe an organization playing for time as they raise alarms about past-due bills falling further behind.
1 posted on 09/30/2013 1:13:57 PM PDT by SoFloFreeper
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To: SoFloFreeper

Hussein's girl at the DNC. Heckuva job, Deb.

2 posted on 09/30/2013 1:15:14 PM PDT by SoFloFreeper
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To: SoFloFreeper

Checking the calendar: Yup, it was time for another “DNC is in tough financial straits” thread.


3 posted on 09/30/2013 1:15:26 PM PDT by 1rudeboy
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To: SoFloFreeper

I bet if the DNC plays the song, “Saved By Zero” by The Fixx enough times Obama will bail them out.


4 posted on 09/30/2013 1:15:33 PM PDT by Jack Hydrazine (I’m not a Republican, I'm a Conservative! Pubbies haven't been conservative since before T.R.)
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To: SoFloFreeper

Suddenly, we will hear that the Democrat party is too big to fail and needs a taxpayer bail out.


5 posted on 09/30/2013 1:15:45 PM PDT by SoFloFreeper
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To: SoFloFreeper

Picture that in your bed?


6 posted on 09/30/2013 1:15:53 PM PDT by ExTexasRedhead
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To: SoFloFreeper

Not to worry, they’ve got plenty of illegal activities (to include the Obama(dork)care program with which they can siphon monies.

And they’ve got the Holderdork’s Just-Us Department of losers to make sure nothing is ever done about it.

And - the main problem with my reply is that we all know it’s twue, it’s twue.


7 posted on 09/30/2013 1:15:55 PM PDT by Da Coyote
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To: SoFloFreeper

Any suggested epitaphs on the gravestone of the DNC?


8 posted on 09/30/2013 1:17:10 PM PDT by Jack Hydrazine (I’m not a Republican, I'm a Conservative! Pubbies haven't been conservative since before T.R.)
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To: SoFloFreeper

I just recently heard that Hillary is worth $100M. Obama’s got big bucks, too. Why don’t these people just pony up? No, they want the little guys to fund them. I hope the average Obama voter is worrying too much about what health care insurance will cost them & refuse to send a dime.


9 posted on 09/30/2013 1:17:30 PM PDT by Twotone (Marte Et Clypeo)
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To: SoFloFreeper

No big thang....They’ll just call Soros or the Saudis.


10 posted on 09/30/2013 1:17:34 PM PDT by clintonh8r (Don't twerk me, Bro!)
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To: SoFloFreeper

So they run their party just like they run the country.


11 posted on 09/30/2013 1:17:34 PM PDT by Michael.SF. (0bama lied, Stevens died, now 0bama covers up the lies.)
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To: ExTexasRedhead

Maybe they should hire Huma?


12 posted on 09/30/2013 1:18:12 PM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: SoFloFreeper

Their constituents are all on food stamps and their unemployment benefits are running out...


13 posted on 09/30/2013 1:20:23 PM PDT by Hotlanta Mike ("Governing a great nation is like cooking a small fish - too much handling will spoil it." Lao Tzu)
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To: SoFloFreeper

What? Did the HAMAS phone banks go dead?


14 posted on 09/30/2013 1:21:07 PM PDT by Hardraade (http://junipersec.wordpress.com (Obama: the bearded lady of the Muslim Brotherhood))
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To: SoFloFreeper

Their policies have put so many people out of work that their base doesn’t have any money to give. That’s hilarious! Of course, the dictator will eventually write them a check.


15 posted on 09/30/2013 1:21:52 PM PDT by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: SoFloFreeper

Couple of nights in LA and problem solved. Oh yea, don’t forget to go by and collect from all the bankrupt green/solar companies you gave billions to.


16 posted on 09/30/2013 1:21:55 PM PDT by US_MilitaryRules (Tastes like Heaven, Burns like Hell! Mmmmmm. What is it?)
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To: SoFloFreeper

Time for them to propose federal funding for all election campaigns.


17 posted on 09/30/2013 1:22:08 PM PDT by TN4Liberty (My tagline disappeared so this is my new one.)
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To: SoFloFreeper; mickie; flaglady47; pax_et_bonum; seenenuf; seekthetruth; Chigirl 26; Bob Ireland
Ah, the inimitable Debbie Wassaman Schlitz.

The Halloween season is now officially started. Thanks mucho for the holiday pin-up poster of the DNC national charperson.

Leni

18 posted on 09/30/2013 1:22:11 PM PDT by MinuteGal
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To: SoFloFreeper

Hmm. Doesn’t the DNC get most of its money from big donors? Does this mean the rich and famous are falling out of love with the libs?


19 posted on 09/30/2013 1:22:36 PM PDT by old and tired
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To: SoFloFreeper

My understanding is Obama’s private fundraising group has tapped the normal deep pockets dry. That group, Organizing for Action is cash rich. But it hasn’t helped any of the local democrats with their campaigns like the DNC would. It’s totally Obama oriented.


20 posted on 09/30/2013 1:23:05 PM PDT by Gen.Blather
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