However, while grasping some mathematic principles at last, others continue to elude him:
near Portland ·
The Big Lie is that there is no financial crisis other than the one created by absorbing the Winter Drive into two other drives.And:
Here is documentation of the deficits we incurred from 2007 to 2010. A request to the KBOO Finance Director can get the same documentation of the size of the deficit in 2011 and 2012. The 2013 budget was planned to be a deficit budget as well and we can be fairly sure that we will end up with a deficit at the end of our fiscal year. How much longer can this go on? Not much.
Members who resist change say KBOO gets by just fine with just member contributions. They think another fund drive will make us solvent, ignoring a history of deficit spending each year, going back to at least 2007.
How is KBOO surviving with insufficient funding from members? By drawing down its reserves which date back to the days of federal funding. The reserves will not be replenished, at least not by future federal funds. KBOO lacks the number of listeners it needs to qualify.
KBOO continues to pay for staff salaries out of the reserves built up during the days of federal funding. Meanwhile, listenership has fallen to even lower levels, while staffing levels, largely, have not.
The reserves are nearly depleted.
There is no conspiracy to destroy KBOO -- other than the conspiracy to deny the facts of our financial condition, easily verified by legal documents KBOO files with the IRS.
See, Comrade Nassar? No right-wing conspiracy! At least according to Traitor Hadrian...
But what does he know? Why dig into complicated financial reality when it's much easier to rearrange deck chairs, er, have another membership drive?
Who are you going to believe: Traitor Hadrian or Glorious Leader?
We thought so!
INSOLVENCY! BANKRUPTCY! SOLIDARITY!
And we haven't published this image enough!
POWER TO THE PEOPLE!!!