LOS ANGELES – The Democratic Socialists of America (DSA) is grappling with a financial crisis that has raised concerns about their future. According to a report by The New York Post, the DSA is currently facing a severe financial challenge, with a deficit reaching seven figures. The report states that the organization’s leaders are contemplating significant measures, including job cuts and layoffs, to address this crisis. Staff-related costs have been identified as a significant contributor, accounting for 58% of their total expenditures and a staggering 72% of their projected income.
Amanda Berman, founder and executive director of Zioness, a group representing liberal Jews who support Israel, pointed out an internal DSA feud in 2022 over whether to withdraw support for Rep. Jamaal Bowman (D-NY) for visiting Israel.
The feud reportedly led to members admitting they were “bleeding activists and financial resources.” Berman criticized the DSA’s strategy, particularly after Hamas’s invasion of Israel on October 7, 2023, stating that it deepened their financial troubles instead of resolving them. She emphasized that true progressives, both in grassroots movements and political leadership, would continue to reject the DSA’s extremist ideas.