Do you or your 401K or pension plan hold shares of Duke Energy? Do you support (through financial contributions or your vote on Election Day) the Democratic National Party or the Texas Democratic Party? If you can answer YES to these two questions CONGRATULATIONS! You’ve just paid for a portion of the Democratic National Convention in Charlotte out of your retirement plan.
Via Newsmax and the Washington Times comes this story Dems Won’t Repay $10 Million Loan Used for Charlotte Convention in which the news outlets report shareholders will foot $6 million of the cost of hosting the Democratic National Convention in Charlotte, NC last year:
The Democratic National Committee has no intention of repaying the country’s largest electrical power company for the unprecedented $10 million line of credit it guaranteed to help a local host committee fund last September’s Democratic National Convention in Charlotte, N.C.
According to an article on the Washington Times web site, an official for Duke Energy said the company would claim the money as a business expense for tax purposes, meaning shareholders will foot $6 million of the cost.
Democrats and the NAACP don’t pay their bills until forced to do so.
In fact, this Texas Democrat still hasn’t paid his 2013 local school and property tax bill totaling over $30,000. According to HCAD records, as of March 3rd, 2013 his 2012 tax bill of $28, 289.80 remains unpaid.