The DNC is nearly broke

[ChezC3]

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

The Democratic National Committee is nearly broke - The Term Sheet: Fortune's deals blogTerm Sheet

As usual, the Dems will do themselves in. Wonder how long till the IRS discovers a $30 million dollar tax credit it will claim it owes the DNC?

 

[Excon]

So what they are in effect saying, is that the Dems bought the last election.
The irony.
Figures!

 

[PeteEU]

The Democratic National Committee is nearly broke - The Term Sheet: Fortune's deals blogTerm Sheet

As usual, the Dems will do themselves in. Wonder how long till the IRS discovers a $30 million dollar tax credit it will claim it owes the DNC?

So? The RNC has been broke for years.

 

[Excon]

So? The RNC has been broke for years.

Broke?

From the article.

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.​

 

[ChezC3]

Broke?

From the article.

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.​

:rock

 

[PeteEU]

Broke?

From the article.

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.​

RNC Chairman: Party Debt Is Worse Than Numbers Sheet Shows | Fox News

Newly elected Republican National Committee Chairman Reince Priebus took the job with $23 million in debt and cut a third of the staff he inherited from his predecessor, the controversial and gaffe-prone Michael Steele.

 

[Excon]

RNC Chairman: Party Debt Is Worse Than Numbers Sheet Shows | Fox News

:doh:lamo:doh

Published February 01, 2011 ​

Please come back to the here and now.

 

[PeteEU]

:doh:lamo:doh

Published February 01, 2011 ​

Please come back to the here and now.

And? Point is that both parties go up and down. The RNC might have 12 million in cash in hand according to the article, but that does not mean that they dont have debt. In a year it can easily be the other way around. It is nothing new.