Skip to comments.The DNC is nearly broke [Feel Good Story of the Day!]
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 ...
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........
Not to mention Willy-Jeff. He is always bragging about how rich he is now — let him kick in a few bucks.
Don’t worry. Soros will save ‘em.
Obama’s OFA and the Clintons’ ‘foundations’ are sucking up all the leftwing money.
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.
Careful... bites when cornered!
My mother’s Cocker Spaniel is cuter than that.
I bet it belongs to lil Kim and is supposed to be his getaway stash.
“Picture that in your bed?”
Call the SCOTUS, that would be “Cruel and Unusual Punishment.” I thought Kermit the Frog was a male!
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.
“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!
“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
Hmmm... there must be some way we can help drain their coffers, before all the usual bribes get distributed.
Did you really have to go there?
They’ll just get the IRS to embezzle some walkin’ around money for them.
My brain is chewing its arm off...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.