Finally, Democrats embrace austerity (Paul Krugman hardest hit)!
Via HotAir’s Erika Johnsen, the Democratic National Convention in Charlotte, N.C., won’t be quite as spectacular as its organizers were hoping, because:
With their convention just over two months away, the Democratic National Committee’s party planners are about $27 million smackers short of their fundraising goal — which means that they’re finding it suddenly necessary to cut down on some of the initially planned bells and whistles of their party’s main event.
They’ve raised about $10 million of the $36.6 million they’d hoped for. Lower than expected revenues mean they won’t be able to spend as much, see. They’ll have to cut back, no matter how good or impactful their plans might have been.
If only they’d take this kind of attitude into other aspects of political life!
One wonders – well, I wonder – what the Democrats’ credit is like. Couldn’t they just borrow some money? If not, why not? North Carolina’s unemployment rate was 9.4% in April – more than a full point higher than the national average (and nearly three points higher than Wisconsin’s). Surely it’d be worth going $20 million or so into debt to help alleviate that. Wouldn’t it?
Apparently not. Paul Krugman must be clawing his eyes out in frustration right now.