Topic: DNC is Nearly Broke

[pisskop]

http://finance.fortune.cnn.com/2013/09/30/dnc-debt-crisis/?iid=SF_F_River

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."

 

[Pandora]

GOOD! 

[LadyVirginia]

guessing RNC is or will be in the same boat

[warpmine]

No problem, have the Bernanke, god of the Fed Res, issue bounds and sell them overseas. Chances are that those overseas already own the scheisters anyway, China and Arabia in particular. 

[Glock32]

This is an example of why what Scott Walker did is the way to really damage them. For generations they've operated a money laundering scheme with public employee unions, siphoning dollars from the public treasury into DNC coffers. Get the public union to finagle ridiculously generous deals for their membership, with elected Democrat government officials rubber stamping it, then the union takes a cut of the pay all these public employees get, which they in turn hand to the DNC for the purpose of keeping those rubber stamp Democrats in office.

[Libertas]

My amusement is tempered by the fact that the demonrats will miraculously get bags of cash as usual...this has happened before, and every time the Pubbies fall for the head-fake and walk around dazed after the rigged elections are done, utterly clueless to what happened...which is a standard outcome when you play by the demonrat rules.  It's almost like they are complicit in the charade...