AOC’s Democratic Socialists of America in ‘Financial Crisis,’ Facing Mass Layoffs

The powerful far-left group that propelled Rep. Alexandria Ocasio-Cortez (D-NY) to power is reportedly in a “financial crisis” and facing mass layoffs.

The Democratic Socialists of America (DSA) is affiliated with AOC and several radical Democrats in Congress.

However, the socialist group appears to be having trouble balancing its books and has become severely strapped for cash.

How ironic.

DSA’s leaders have now been forced to put forth a drastic proposal to protect its bottom line.

“We will cut $500,000 from staff-related expenses,” a proposal propelled by individuals on its National Political Committee says.

“We will first ask for volunteers from both director-level and bargaining unit staff to have their position cut and receive severance.”

“If necessary, we will then explore initiating lay-offs according to the DSA union’s contract,” the members wrote.

The organization’s financial troubles were first reported by the New York Post.

The situation has reportedly put the DSA’s leaders in a position where they have no option but to slash their budget.

The budget cuts will potentially lead to job losses among their ranks.

“DSA is in a financial crisis and staff-related costs account for 58% of our total expenditures and 72% of our projected income,” DSA members Alex Pellitteri, Kristin Schall, and Laura Wadlin wrote in the proposal.

“The current deficit will force us to make 7-figure budget cuts,” they added.

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“This will require us to make painful decisions that will impact all levels of the organization.

“Given our current financial state, we do not believe we can have a healthy, democratic, and effective organization while spending the amount we currently do on staff.”

“If necessary, we will then explore initiating lay-offs according to the DSA union’s contract,” the proposal continued.

“Be it resolved: The Personnel Committee will be responsible for determining the quantity and type of positions to be eligible for buy-out or layoff, and they will assist with logistics and a staff transition plan.”

Since the Hamas terrorist group’s brutal invasion of Israel in October, the DSA has garnered headlines over its response to the attack.

One of its founding members, Maurice Isserman, subsequently left the group over their actions.

“I left to protest the DSA leadership’s politically and morally bankrupt response to the horrific Hamas October 7 anti-Jewish pogrom that took the lives of 1,400 people, mostly civilians, and saw over 200 hostages carried off to Gaza, both groups of victims including children and infants,” Isserman wrote in late October.

“Its statement on October 7 made no mention—let alone offering any criticism—of Hamas, declaring instead, ‘Today’s events are a direct result of Israel’s apartheid regime—a regime that receives billions in funding from the United States,'” he said.

In addition to AOC, other prominent Democrat lawmakers are members of the group, including Reps. Rashida Tlaib (D-MI), Cori Bush (D-MO), and Greg Casar (D-TX).

READ MORE: Socialist Democrat Calls for White-Owned Businesses to Pay Higher Taxes

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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