Posted on 11/23/2015 1:57:32 AM PST by markomalley
The Democratic National Committee (DNC) is financially insolvent heading into the 2016 election year, Breitbart News has learned.
Federal Election Commission records reveal that the DNC is millions of dollars underwater and running up a deficit each month, lagging far behind its financially savvy counterpart, the Republican National Committee.
Just last month, the DNC turned a nearly million-dollar debt, marking the fourth month in a row that the DNC spent more money than it took in. In fact, the committee chaired by Debbie Wasserman Schulz took a loss in seven of the last ten months.
The DNC raised $4,456,789 in the month of October, according to its most recent filing. But the committee spent $5,254,928, for a net loss of $798,139.
That’s not quite as bad as September, when the party took in $4,296,011 but spent $5,504,823 for a net loss of more than $1.2 million.
So, where does that leave the embattled organization?
(Excerpt) Read more at breitbart.com ...
Those that give to the DNC knowing that it is insolvent are making illegal political donations IMHO, and probably get paid back in government contracts later. What a corrupt system we have allowed.
No sweat, the GOP will bail them out just like always.
That's why direct contributions to a candidate becomes so important.
Sadly, many who hate where we are are unwilling to do other than bitch about it because actually taking action or opening their wallets is just so damn inconvenient...
Now for a short public service announcement to all on FR:
I prefer Cruz and my money goes to his campaign, hence the Cruz link. If you like someone else, donate to him/her (find your own link to do it) and if you use FR and don't donate, then please don't complain about the welfare leeches or those who have Obama Phones because, functionally, you are no different than any other FReeloader
PS - If you are one of those who cannot afford even a small donation to FR or a candidate, God Bless and happy FReeping!.....
GO CRUZ!! Keep it up Trump!!
The DNC and RNC are irrelevant these days. Everything is funded by superPACs and dark money. Cf., e.g., Obama/Gaza and Hillary/Turkey.
Hillary can always loan them some of the $6 billion that went missing from the State Department.
Are they counting all the free and friendly publicity they get from the media, the campaign work from hordes of union foot soldiers, hundreds of billions of dollars in support for their voters (EBT, welfare, immigration perks, etc.), destruction of their political enemies by the IRS, and the massive termite operations going on in their behalf by nearly every government bureaucracy?
All that "free" help is a whole a lot of donations not showing up on any accounting ledger books.
Really .. I believe it’s called extortion; at 10 times the interest rate.
On so many levels.
Yeah, I can agree with that.
The wise recognize wisdom.
The Democrat Potty is morally bankrupt as well.
Their biggest deficit is that they are morally bankrupt.
Hear, hear.
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