The DNC Is Debt Ridden, Unpopular and Failing

NightHawkeye

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Subduction Zone

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The OP's second source, which is a valid government source on how much the DNC owes and how much money it has appears to disagree with the claims of the first source.

From:

FEC Disclosure Form 3X for DNC Services Corp./Dem. Nat'l Committee

The debt is:

3285691.55


But the cash on hand is:

7492435.34

If your cash on hand is more than twice what your debt is I would not call that a state of being "debt ridden".
 
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Rion

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Rion

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Correct, and the DNC's assets minus its debts is still over four million dollars.

That includes everything that they can liquidate within a year and any prepaid expenses or investments. I do not think a 50% debt ratio is a good thing for the DNC corporation.
 
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Paulos23

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That includes everything that they can liquidate within a year and any prepaid expenses or investments. I do not think a 50% debt ratio is a good thing for the DNC corporation.

In an off year with several unexpected emergency elections, it may be fine. Do we have a history of their financial history?
 
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Tanj

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That includes everything that they can liquidate within a year and any prepaid expenses or investments. I do not think a 50% debt ratio is a good thing for the DNC corporation.

And what is a good debt ratio for an organisation like the DNC? Or to put it another way, my 3 year old nephew has an opinion on this, is there a reason I should value yours more?

Is thus unusual? has the DNC or RNC been in a similar position before? Is this observer piece best used to line a parrot cage?
 
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CQmethodist

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That includes everything that they can liquidate within a year and any prepaid expenses or investments. I do not think a 50% debt ratio is a good thing for the DNC corporation.
No, it doesn't. Cash on Hand in an FEC report is the amount of spendable cash in the political action committee's bank accounts. It has nothing to do with other assets of the organization.
 
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Subduction Zone

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Also, I would take any "facts" in an article by a "newspaper" owned by Jared Kushner with more than a grain of salt.
N004-mined-salt-mounds.jpg
 
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Rion

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In general it is always a good idea to check ones sources. Otherwise you will eventually be posting articles about batboy:

Bat_Boy.PNG

I do, but I actually confused it with "The Observer" from the UK.
 
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