Report: Tea party group FreedomWorks is in deep financial trouble

[kpete]

The conservative activist group credited with building the tea party has turned into a nearly broke wingnut welfare slush fund, according to former staffers.

Sources told BuzzFeed that FreedomWorks was forced to take out a $1 million line of credit to keep extra cash on hand earlier this year.

The nonprofit organization raised more than $40 million last year but has taken in as little as $3 million so far this year, the site reported Friday, and staffers are reportedly fleeing the group as morale plummets.


The group had fallen on hard times since co-chairman Dick Armey tried to gain control of FreedomWorks in September 2012 from top executives Matt Kibbe and Adam Brandon, the sources said.

http://www.rawstory.com/rs/2013/10/11/report-tea-party-group-freedomworks-is-in-deep-financial-trouble/

[fitman]

1. Funny

That a group of people preaching that hands off gov't is best, capitalism "uber alles" and gov't is the downfall of all business is going bankrupt and failing.

Love it..

[UTUSN]

2. R#5 & K for, this is the group ARMEY staged a coup with a handgun at, no?!1 n/t