ACORN soon to be as bankrupt financially
as it is morally

by editor on November 20, 2009

When Democrats said, "Do it for the children," no one knew they were talking about Salvadoran child prostitutes

When Democrats said, "Do it for the children," no one knew they were talking about Salvadoran child prostitutes

Times are tough at ACORN. In the wake of the organization’s pimp-and-whore corruption videos, Congress has cut off its funding, private donations have dried up and charitable grants have dwindled.

American Spectator has the sad details:

“They may have to file for bankruptcy if they don’t have several big pending grants approved or get emergency loans,” a highly placed ACORN source told me over the weekend. This information bolsters Rep. Darrell Issa’s (R-Calif.) claim last week that ACORN is in turmoil amidst internal power struggles and on the verge of bankruptcy.

Given that ACORN is a network of hundreds of affiliated nonprofits, it’s not exactly clear how a bankruptcy filing would work, but the idea is under serious consideration by ACORN’s leadership. It was discussed at length at the group’s most recent national board meeting…

The report continues:

As of Nov. 11, ACORN and its affiliates owed at least $2,328,596 in long overdue back taxes to all levels of government. Many of the tax liens, which are only issued by creditor tax agencies after a tax debt has become seriously delinquent, do not appear in the Nexis database, so the actual total may be much higher. ACORN has been negotiating with tax collectors to have interest on its tax debts waived and to have some of the debts partially forgiven.

The new tax lien data throw new light on why ACORN can’t sell its former headquarters at 1024 Elysian Fields Ave. in New Orleans. French Quarter Realty is asking $835,000 for the property, which is now weighed down by a whopping $1,278,862 in tax liens.

Of that nearly $1.3 million, $619,271 is owed to the IRS. It’s unclear why the Obama administration’s tax enforcers haven’t seized the property yet. Perhaps the president is extending a courtesy to his former employer.

Whores and pimps across the nation are in mourning.

Source: American Spectator via Bluegrass Pundit

{ 2 comments… read them below or add one }

JPT November 20, 2009 at 12:45 am

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A non profit goes BANKRUPT? Shouldn’t they just close and end it. Bankruptcy sounds like some measure for them to get back on their feet, rebrand and keep up the same devious acts all over again.

Maybe they can have a special election to see if they should stay afloat and have all the voter fraud trick they are known for be used to make sure the vote comes out in favor of ACORN remaining in business.

Boy, they will do a crappy job rigging the census if they don’t get proper funding…

Is WALNUT is danger too? Or just the loony left ACORN? LOL!

Maybe the ACORN does fall far from the tree… the money tree…

IMO November 20, 2009 at 4:21 pm

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Looks like some more saved jobs to me… ;-)