The real enemy of Democrats is math, not Republicans

It is characteristic of any Ponzi fraud that the people who get in on the ground floor do well. That makes the scheme popular; people clamor to get in. This is what has happened with Social Security and Medicare here in the U.S. Past and current beneficiaries are receiving benefits that are entirely disproportionate to what they paid in. This obviously cannot continue indefinitely. Every Ponzi fraud inevitably crashes when its exponential growth cannot be sustained because there is not enough new money–not enough suckers, to put it bluntly. In the context of entitlements, “new money” means young people. That point is now approaching rather rapidly.

This is why the Democrats cannot adopt a budget. A budget requires arithmetic, and arithmetic demonstrates that the welfare state must either come crashing down, or be exposed as the terrible deal it is for those who didn’t get in on the ground floor.

Rob Port is the editor of In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

Related posts

  • Kevin Flanagan

    The SS Ponzi scheme worked out well for Ida May Fuller. It also worked well for Gaylord Conrad and the Pomeroy brothers.

    • Rob

      It worked out well for a lot of politicians who were able to promise the world paid for by other people.

  • LastBestHope

    Yes, math is the enemy of democrats. So are facts. So is truth, real journalism, an informed electorate, voter ID laws and the United States Constitution.
    That Senate budget thingy is finally on the way ’cause House republicans passed the No Budget, No Pay bill. Democrat numbers on paper explaining how we pay for all the entitlements of their Welfare State will be a fascinating read.

  • sbark

    For the left, math is an art, not a science. They have been able to change the answers in back of the book by printing money, warping unemployment stats, Fed debt now proj to move towards 22 trillion under Obama, punishing anyone of note that dissents (Phil M golfer),