The Briefing Room
General Category => Editorial/Opinion/Blogs => Topic started by: rangerrebew on January 25, 2024, 05:46:10 pm
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The Democratic Socialists of America are Broke, In Debt, and Beginning Mass Layoffs.
Leaders of the Democratic Socialists of America (DSA) are admitting the far-left political organization is broke and running significant deficits — throwing the group’s future into question. DSA’s National Political Committee members acknowledged the group had seen a “decline in revenue, membership, and overall excitement” in an announcement to the organization’s Bread & Roses Caucus. Layoffs are being floated to solve the group’s fiscal situation.
$2 Million In The Hole.
Budget documents show the DSA is on track to incur $7 million in expenses for 2024, while the group only anticipates total revenue at $5 million. The organization’s Treasurer believes the group can buy itself another year to bring its books in order if it narrows its 2024 deficit to between $821,000 and $921,000. This still leaves a roughly $1.2 million gap that needs to be closed.
Layoffs Seen As The Only Way Out.
Taking a page from the corporate America playbook, the DSA is suggesting the organization adopts voluntary buy-outs for employees — beginning with non-union director-level staff but moving to unionized staff. Additionally, they say they believe the group should delay hiring a new executive director following the departure of Maria Svart.
https://thenationalpulse.com/2024/01/24/the-democratic-socialists-of-america-are-broke-in-debt-and-beginning-mass-layoffs/
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Is a secret bailout from Biden in the works? :pondering:
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They ran out of other people's money to spend.
(https://www.conservativebookclub.com/wp-content/uploads/2015/10/12118895_890831784286087_3337149460641448093_n.jpg)
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Which would happen to America if they were able to implement their wish list
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Which would happen to America if they were able to implement their wish list
They're pretty close right now.