Thursday, October 18, 2012

Headline of the Day

"DNC host committee tallies the price they cannot pay."

The cost of the recent DNC convention here in Charlotte is deeply in the hole:

How do you pay the bills when the party’s over and the guests have gone?

Democratic National Convention organizers are about to find out.

After struggling for more than a year to raise money – and ultimately coming up short – they face $10 million in debts and unpaid obligations, according to reports filed this week with the Federal Election Commission.

“This is a difficult debt to retire,” said Viveca Novak, a spokeswoman for the Center for Responsive Politics. “If (President) Obama loses on Nov. 6, then very few people are going to want to give to this lingering debt from the convention.”

It brings to mind Groucho Marx's comment on alimony: It's like feeding hay to a dead horse.


Rev. Paul said...

Gee, couldn't happen to a nicer bunch of folks. I'd say they brought it on themselves by overspending in the first place, but that's like flogging a dead ... well, Groucho already said it.

MauserMedic said...

Odds on them defaulting?

Bob said...

@MauserMedic: You're being sarcastic, right?

MauserMedic said...

Is there any other way to be?