As the government nears shutdown, the fundraising arm of the Democratic Party is having a budget crisis of its own
FORTUNE -- 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.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
6 comments:
That's Funny! They control the money printer machines.
This is no surprise. It's the democratic way to spend money they don't have. Just look at Detroit and other areas that have been under democratic control for generations. The chickens are coming home to roost. The democrats are a bunch of losers who only get elected because they promise free things.
So how will Hillary run?
Not after today, the fundraising for Dems due to the GOP blunder of a government shutdow is off the charts. See ya GOP.
4:09...you can wake up now....
4:09 Please explain your post. What is off the charts. Are you telling us that all the people on welfare and food stamps and unemployment are sending money to the DNC?
Post a Comment