DNC Nearly Broke

[zeitgeist]

the DNC nearly broke but they did manage to raise a bundle of the current shutdown. DUmmies think this a victory.  Pyric to be sure.

http://www.democraticunderground.com/1251332640

Tony_FLADEM (2,559 posts)

House Democrats Break Fundraising Record in September
The Democratic Congressional Campaign Committee announced on Friday that it raised $8.4 million in September, a record monthly haul for the committee.

The fundraising haul brings the DCCC’s total cash on hand to $21.6 million, double the amount of cash it had at the same point last year, according to a DCCC aide.

The government shutdown fueled a large portion of the committee’s fundraising this cycle, per the aide. About $2 million of the record-breaking haul came from online donations following GOP Sen. Ted Cruz’s filibuster.

The National Republican Congressional Committee has not released its September fundraising tally yet, according to an aide.

http://atr.rollcall.com/house-democrats-break-fundraising-record-in-september/

Celebrate, good times but wait, what if they actually pay their contracted bills?

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.

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."
{snip}

Link: http://finance.fortune.cnn.com/2013/09/30/dnc-debt-crisis/
 

DUmmies are like Charlie Brown and Lucy with the football always thinking 'Maybe this time it will be different.' Money management is not their long suit.
1+1= potato.  Yup.

[98ZJUSMC]

DUmmies are like Charlie Brown and Lucy with the football always thinking 'Maybe this time it will be different.' Money management is not their long suit.
1+1= potato.  Yup.

But this time, 1+1=Sweet Potato, right?

And senior strategists close to the DNC say they worry the organization appears to have no road map back to solvency

If they stay broke, I will enjoy the "Guinness Book certified" world-record schadenboner.  Unfortunately, somehow taxpayer someway taxpayer they will find the funds.

[jukin]

But this time, 1+1=Sweet Potato, right?

1+1=Sweet Sweeeeeeeeeeeeeeeeeeet Potato

Check it out it's in common core.