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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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To: clintonh8r

Actually, I just heard a news report from Fox that Russia has been holding boxes and boxes of money for going on six years. TWENTY-SEVEN BILLION DOLLARS, which was found and they have no idea who it belongs to. No one will claim it........


21 posted on 09/30/2013 1:23:41 PM PDT by Toespi
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To: ExTexasRedhead

You prevert!


22 posted on 09/30/2013 1:23:54 PM PDT by Hardraade (http://junipersec.wordpress.com (Obama: the bearded lady of the Muslim Brotherhood))
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To: Twotone

Not to mention Willy-Jeff. He is always bragging about how rich he is now — let him kick in a few bucks.


23 posted on 09/30/2013 1:25:00 PM PDT by Polyxene (Out of the depths I have cried to Thee, O Lord; Lord, hear my voice.)
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To: SoFloFreeper

Don’t worry. Soros will save ‘em.


24 posted on 09/30/2013 1:25:46 PM PDT by folkquest (I plan on being cranky for the next 4 years. Hope to crack a political smile at the midterms!)
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To: SoFloFreeper

Obama’s OFA and the Clintons’ ‘foundations’ are sucking up all the leftwing money.


25 posted on 09/30/2013 1:26:18 PM PDT by Paine in the Neck (Is John's moustache long enough YET?)
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To: All

I worked for a firm that contracted for them in the 90’s. They’re always out of money, they never pay on time and they always wind up with money. It might be 120 days, but they eventually pay.


26 posted on 09/30/2013 1:27:00 PM PDT by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: SoFloFreeper

Careful... bites when cornered!


27 posted on 09/30/2013 1:27:43 PM PDT by Coffee... Black... No Sugar (I'm gonna' BICKER!)
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To: ExTexasRedhead

My mother’s Cocker Spaniel is cuter than that.


28 posted on 09/30/2013 1:28:45 PM PDT by Catmom (We're all gonna get the punishment only some of us deserve.)
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To: Toespi

I bet it belongs to lil Kim and is supposed to be his getaway stash.


29 posted on 09/30/2013 1:28:55 PM PDT by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: ExTexasRedhead

“Picture that in your bed?”

Call the SCOTUS, that would be “Cruel and Unusual Punishment.” I thought Kermit the Frog was a male!


30 posted on 09/30/2013 1:29:16 PM PDT by vette6387 (i)
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To: SoFloFreeper

I had a sneaking suspicion as to one of the root causes of this, and the article confirmed it for me - Team Obama. His personal fundraising groups are siphoning off donor money that would otherwise have gone to the DNC. Not surprising, as this this is the same group that left Senate Democrats hanging in the wind by refusing to share donor money with the Democrats’ Senate Re-election group (forget what it is called).

Not that I mind seeing either of those to groups short of cash, mind you. I’m just sayin’, that when all is said and done, the current administration will throw anyone under the bus to advance their own interests. Anyone.


31 posted on 09/30/2013 1:30:15 PM PDT by DemforBush (Of all the Thompson gunners, Roland was the best.)
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To: SoFloFreeper

“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.”

Do business with crooks and dirt bags and what do you expect?! They can probably kiss that money goodbye because no one has the guts to stand up and demand payment!


32 posted on 09/30/2013 1:31:42 PM PDT by kcvl
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To: Michael.SF.

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

Exactly what I was thinking!

Maybe they can all call the Clinton (slush fund) Foundation for help. /s


33 posted on 09/30/2013 1:33:40 PM PDT by kcvl
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To: SoFloFreeper
they must be stealing from themselfs quicker than they can steal from the general public.
34 posted on 09/30/2013 1:34:29 PM PDT by my right
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To: SoFloFreeper

Hmmm... there must be some way we can help drain their coffers, before all the usual bribes get distributed.


35 posted on 09/30/2013 1:34:47 PM PDT by Kenton
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To: ExTexasRedhead

Did you really have to go there?


36 posted on 09/30/2013 1:35:44 PM PDT by my small voice (A biased media and an uneducated populace is the biggest threat to our nation.)
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To: SoFloFreeper

satan’s whore.


37 posted on 09/30/2013 1:39:37 PM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: SoFloFreeper
DNC going broke you say...


38 posted on 09/30/2013 1:42:00 PM PDT by Dead Corpse (I will not comply.)
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To: 1rudeboy

They’ll just get the IRS to embezzle some walkin’ around money for them.


39 posted on 09/30/2013 1:43:12 PM PDT by Wordkraft (Remember who the Collaborators are.)
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To: ExTexasRedhead

My brain is chewing its arm off...


40 posted on 09/30/2013 1:45:56 PM PDT by ZirconEncrustedTweezers (My sweet talk is also savory and creamy.)
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To: SoFloFreeper

- 100M - Obama’s tripin’ ta Afreeka
— 67M - Obamacare Slush Fund Missing/Lost by Obama
-— 1M - 3-Day “golf-date” with Tiger Woods

- Holy Moley der Catfish!


41 posted on 09/30/2013 1:47:07 PM PDT by devolve (----- ----- ----- ----- shall not infringe upon my MacBook PRO ----- ----- ----- -----)
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To: VerySadAmerican; All

LOL Hope they don’t hold their breath. 0bamugabe & Mooch (& Valerie) are probably plotting the minions massacre as we speak because they’re not, every one, out selling plasma (or organs).


42 posted on 09/30/2013 1:51:19 PM PDT by KGeorge (Till we're together again, Gypsy girl. May 28, 1998- June 3, 2013)
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To: SoFloFreeper

I just realized why Obama thinks she is cute, she has manly features.


43 posted on 09/30/2013 2:04:32 PM PDT by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: SoFloFreeper

For an organization that gets funds from
*unions that force members to pay dues out of paychecks
*housing agencies that contributed millions to Dems.
*Wall Street that contributes a lion’s share of cash to Dems.

and that uses the gov’t as a publicity agency to campaign
and that has the largest website, old media, and social media propaganda machine in history...

This is rather surprising news. However, it is unlikely to be a problem for the Dems as they will scrape up more cash fairly quickly. My experience with Dems is they aren’t generally concerned about money—the activist Dems tend to focus on other issues and put budget issues on the back burner. They aren’t good with money and so tend to be very wasteful and inefficient. Once the bills are overdue, however, they hit up the usual sources and get what they need.

That is a clue to one of their weaknesses. The vast majority of Dems expect to be given money rather contribute money. There are other weaknesses.


44 posted on 09/30/2013 2:07:18 PM PDT by iacovatx (Conservatism is the political center--it is not "right" of center)
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To: SoFloFreeper
"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."

Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha!

The DNC figured, if Hussein can spend money the country doesn't have, why can't they?
Just stiff the vendors stupid enough to provide services to a group that has neither morals, ethics or even a conscience.

Doesn't Hillary still owe millions$ to service providers from her LAST election?

Progressives are criminals, by definition.

45 posted on 09/30/2013 2:16:13 PM PDT by publius911 (Look for the Union label, then buy something else.)
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To: SoFloFreeper

Bet they still haven’t paid off the Clintons’ debts.


46 posted on 09/30/2013 2:18:27 PM PDT by bgill (This reply was mined before it was posted.)
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To: SoFloFreeper

HOORAY! DEFUND/DISMANTLE socialist collectives, foreign and domestic. It’s really easy to...

live - free - republic


47 posted on 09/30/2013 2:19:53 PM PDT by PGalt
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I wonder how much DNC money goes for payola to their pals in the news cartel? After all, station owners, publishers, editors and reporters need brie and caviar too.


48 posted on 09/30/2013 2:24:35 PM PDT by Rockpile
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To: Jack Hydrazine
Any suggested epitaphs on the gravestone of the DNC?

"They kept claiming 'they meant well,' until the quicksand won"

49 posted on 09/30/2013 2:32:12 PM PDT by publius911 (Look for the Union label, then buy something else.)
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To: SoFloFreeper

It great to know that, in addition to being morally bankrupt since at least the 1960s, they are now also financially bankrupt. It just too bad that those fools who “know not their fathers” have pretty much bankrupted the nation.


50 posted on 09/30/2013 2:46:09 PM PDT by MIchaelTArchangel (Have a wonderful day!)
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