Saturday, June 15, 2019

Credit Warning on Dem Convention

A number of Milwaukee businesses will provide goods and services for the 2020 Democrat National Convention.

Fair warning:

...Bloomberg reports that the Democratic National Committee’s financial woes continue as Chairman  Tom Perez and his colleagues continue to spend more than they take in. In fact, the DNC has already added $3 million in new debt in just the past four months. ...

In 2019 already, the “DNC had collected contributions of more than $24.4 million but had spent $28.4 million, according to the latest disclosures. It had $7.6 million cash on hand, $1 million less than in January. It posted $6.2 million in debt, including bank loans and unpaid invoices to vendors,” according to Bloomberg....

Looks like "cash up-front" is best policy, eh?

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