Hot off of the press – South Dakota Democrats are in big trouble financially, according to their latest FEC Report:
Sddp Sept 2019 Fec by Pat Powers on Scribd
Just a month or so into Chairman Paula Hawks stint as chairwoman, State Democrats are posting what may literally be their worst FEC Report EVER.
Starting with a dismal $3180 in cash, State Democrats raised $17,539 in receipts in their federal account, including the cash that the national party sends them monthly…. Democrat welfare if you will.
But at the same time, Dems unbelievably went on a spending spree and had $30,580.49 in expenditures. Leaving them $9860.26 of deficit spending. Added to that is the $46,863.73 in debts and obligations already owed by the committee to a number of vendors. Bills that they’ve been carrying for some time.
Meaning, that it appears that Dems are in the hole by roughly $56,723.99.
I might remind you that this isn’t it, either. Coming in the near future is the serious question of how much the Federal Election Commission is going to fine them for their recent audit problems which will add further to their indebtedness.
Forget about supporting their candidates. The question now is how long can Paula Hawks keep South Dakota Democrats’ creditors at bay?
P.S. Bill Nibbelink, who has been the Democrat’s treasurer in charge of their finances all throughout the entire time of all these financial problems? Well of course he’s still in charge of their finances.
And he’s the one who signed this latest report as well.
Better headline would have been “Dems demonstrate economic plan for country if elected”
Because Trump’s wild deficit spending is a good thing?
Freeze Federal Spending at current levels for 2 years…In 2 years the Federal Budget will be running a surplus…
If you don’t understand Zero Base Budgeting…You will never understand the current Federal Deficit…
Cheers!!!
You let me know when that budget freeze happens. Until then…
https://www.cnbc.com/2019/09/12/budget-deficit-smashes-1-trillion-mark-the-highest-in-seven-years.html
My point…the Democrats will claim the Republicans are cutting…the problem with the deficit…growth in spending far out paces the growth in revenue…
Until you understand that…you will not understand the underlying problem…
Meanwhile the Democrat Presidential field keeps purposing massive spend on ridiculous programs..pandering to their leftist base…
Where’s the problem???…
Cheers!!!…
Benz, you said: “growth in spending far out paces the growth in revenue…”
Yeah, no shit. This is happening under the leadership of Trump, whose party recently held a complete majority of Congress. If he was going to cut spending he had a perfect opportunity. It didn’t happen. It’s not going to happen.
There’s no spending freeze coming. There’s no budget surplus coming. If you think otherwise you’re out of your mind.
The Democrats are in control of the spending right now. I didn’t see the House tell Trump they wanted to lower spending.
What rock do you live under?
The president can veto any spending bill he wants. And besides, the Republicans had the complete majority for two years and did nothing.
I don’t think you understand how government works, but you don’t get to blame Dems for Trump’s wild deficits.
When did the Democrats give him a bill that reduced spending?
If they didn’t then I get to blame them for not reducing spending just like I did the Republicans.
Better cut our SS and Medicare contributions from employers. Let’s send workers another pay cut in hopes trickle down economics works once in 50 years. *Trump’s plan.
It has worked every time it was implemented. I bet you didn’t know JFK was the first to do it did you.
Good to know Lederman and the SD GOP are kicking their butts.
Please give us a comparison.
Obviously this isn’t the fault of new party leadership, but it’s their mess from prior staff & leadership to clean up.
A person might buy that, but it’s the same person in charge of finance as has been there for a decade.
How much does the GOP have? A couple million?
Did Trump funnel money through the SD Republicans like Hillary did with the SD Democrats?
The corruption runs deep in the Democrat party both Nationally and in this State.
Right. Better to say this mess isn’t the fault of their new party chair. And the dem’s new comms director, with admirable frankness, admitted their plight on KDLT. Submitting an honest report is like taking the 1st step of a 12 step program. Unpleasant, but crucial. Best to speak the truth. It’s morally right and it comes out anyway, sooner or later. Yes, I’m aware certain Republicans have uttered falsehoods over the years. Same for Obama & the Clintons. So I’m not here to hurl the first stone, but rather to give respect to the SD dems, who appear to be on the road to recovery. They still have a long, tough row to hoe, but if they’re getting organized, that should alert the SDGOP: heads up! Time to shift into high gear. Don’t take anything for granted.
Why can’t Stan Adelstein just write a check for this and more to stabilize the bleed?
It wouldn’t be the first time he’s written big checks to Democrats. (Probably wouldn’t be the last, either.)
I propose legislation that no political party can have a negative balance if its office holders have money in thier campaign accounts. Let the Dem legislators pay off the debt, up to the amount each has in thier campaign accounts.