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DNC is broke.... finished june with 3 million in debt

Posted on 7/21/17 at 5:30 pm
Posted by Jjdoc
Cali
Member since Mar 2016
53472 posts
Posted on 7/21/17 at 5:30 pm
LINK

Nice
This post was edited on 7/21/17 at 5:31 pm
Posted by skrayper
21-0 Asterisk Drive
Member since Nov 2012
30887 posts
Posted on 7/21/17 at 5:31 pm to
quote:

finished june with over


...
What?
Posted by tigerfan84
Member since Dec 2003
20284 posts
Posted on 7/21/17 at 5:31 pm to
quote:

Under the leadership of former Obama official Tom Perez, a new FEC report reveals the DNC finished the month of June $3.3 million in debt. They’re broke. Just like their policies.


For everyone who hates clicking links
This post was edited on 7/21/17 at 5:32 pm
Posted by boosiebadazz
Member since Feb 2008
80257 posts
Posted on 7/21/17 at 5:32 pm to
Thanks a lot, Obama??
Posted by Covingtontiger77
Member since Dec 2015
10267 posts
Posted on 7/21/17 at 5:34 pm to
Damn...amazing that with a constituency comprised of millionaire (Hollywood types), musicians, and billionaire tech gurus that you can't raise $3,000,001.

WTF?
Posted by el Gaucho
He/They
Member since Dec 2010
53004 posts
Posted on 7/21/17 at 5:37 pm to
Hopefully they can still buy votes with their ebt cards
Posted by GFaceKillah
Welcome to the Third World
Member since Nov 2005
5935 posts
Posted on 7/21/17 at 5:38 pm to
quote:

3 million in debt


The DNC regularly carries debt on their balance sheet.
Posted by GooseSix
Member since Jun 2012
19523 posts
Posted on 7/21/17 at 5:39 pm to
Color me shocked.
Posted by BestBanker
Member since Nov 2011
17478 posts
Posted on 7/21/17 at 5:42 pm to
Can it be repo'ed? And just who is the lienholder of the DNC?
Posted by 4LSU2
Member since Dec 2009
37333 posts
Posted on 7/21/17 at 5:53 pm to
quote:

Color me shocked.


What you did there.




I see it.
Posted by Bullethead88
Half way between LSU and Tulane
Member since Dec 2009
4202 posts
Posted on 7/21/17 at 6:00 pm to
You are a complete lying shithead who continues to post crap from the Gateway Pundit after they are proven liars.

The financial statement showed they had ~ $7.5 million in assets and ~ $3.3 in debt - which results in a net balance of roughly +$4.2 million.

Now I know you're gonna come back and say it's true they had $3 million of debt, but leaving out the fact that they had $7.5 million in assets is still lying.

The sad part is that you don't know the difference - or don't care.

I'm sure that Gateway Pundit knows the difference and I'm sure they don't care. Typical click bait website trying to attract dim-witted, jackasses like you.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73750 posts
Posted on 7/21/17 at 6:01 pm to
I love your daily melts
Posted by BIWO
Member since Dec 2015
1821 posts
Posted on 7/21/17 at 6:05 pm to
Although, I don't agree with his political views, and without reading the article, he appears to be correct here.

Debt has a negative connotation, but to anyone with an inkling of financial knowledge, debt isn't a bad thing. Regardless, I'm not sure what makes up that debt, but it seems that the DNC doesn't need to carry debt on their balance sheet. I could be wrong.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48955 posts
Posted on 7/21/17 at 6:15 pm to
quote:

The financial statement showed they had ~ $7.5 million in assets and ~ $3.3 in debt -


So they still had 3 million debt ......

Thanks for validating OP
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 7/21/17 at 6:15 pm to
quote:

Although, I don't agree with his political views, and without reading the article, he appears to be correct here.


You beat me to posting the exact same thing. I never agree with that guy, so this is the only shot I got so I posted the same thing you said.
Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 7/21/17 at 6:29 pm to
quote:

They’re broke. Just like their policies.

Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 7/21/17 at 6:33 pm to
quote:

Now I know you're gonna come back and say it's true they had $3 million of debt, but leaving out the fact that they had $7.5 million in assets is still lying.


Why don't you take a few minutes to cool down and gather yourself.

quote:

The Democratic National Committee (DNC) added $200,000 to their now $3.3 million debt in June, according to the most recent Federal Election Commission report, falling further behind Republican fundraising efforts.


The Hill: DNC adds to debt after falling behind RNC in June fundraising
Posted by Themole
Palatka Florida
Member since Feb 2013
5557 posts
Posted on 7/21/17 at 6:44 pm to
The DNC regularly carries debt on their balance sheet.

Yep. It's called the United States of America.























Posted by dcbl
Good guys wear white hats.
Member since Sep 2013
29685 posts
Posted on 7/21/17 at 6:46 pm to
quote:

You are a complete lying shithead who continues to post crap from the Gateway Pundit after they are proven liars.


You watch CNN and believe everything they say don't you?

You can tell me, baw - it'll be our little secret...
Posted by OTIS2
NoLA
Member since Jul 2008
50127 posts
Posted on 7/21/17 at 6:54 pm to
frickers could break a steel ball with a rubber hammer.
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