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The DNC Winter Meeting: Report from the Treasurer

by: Hopeful

Sun Feb 04, 2007 at 01:50:49 AM EST



The treasurer, Andy Tobias, also gave a speech at the DNC.  (He then introduced Hillary Clinton)  he said that last year 1.2 million Democrats donated to the party.  This was way up from the last comparable period (2001).  He noted Internet donation increased twelve-fold.  He asked us all to go to democrats.org and buy a Democracy Bond.  While we raised a record amount, we spent everything, and borrowed $4 million. He noted that in his investment guide he discourages people from borrowing, but this $4 million debt was the best investment ever.  After the election, Democrats raised another $3.7 million by the end of the year, and over $5 million in January.  So we're doing great!

Too bad we can't say the same for the country.  Tobias pointed out that interest on the national debt is now equal to 42% of income taxes.  For the Republicans who visit the site, I'll point out that Reagan, Bush and Bush borrowed most of this money.  You could easily have a 30% federal income tax cut if they weren't so irresponsible.  This year alone Bush will borrow $800 in your name, another $800 in your spouse's name, another $1600 in your parents' name, $800 from each of your kids, and $800 for every American you know just for the Iraq  war alone.  I hope you're happy!
Hopeful :: The DNC Winter Meeting: Report from the Treasurer
If you're wondering, Tobias is the author of The Only Investment Guide You'll Ever Need, which my brother gave me.  It is so well written that I re-read it every year for fun, and gave it to my other brother.  He's awesome.

I'll shamelessly remind you that Blue Jersey is also looking for donations.  You might notice a button.

Andy Tobias
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the best way to build the progressive movement is to donate to (choose as many as you like):
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