The unsolvable equation for Republicans (the demographic difficulties for a party not attuned to minorities; see my blog about Dr. Krauthammer) may be debatable, but Barack Obama and Democrats face an even more unsolvable mathematical conundrum.
More and more economists are pointing out what many of us have known all along. You can't keep spending money you don't have without driving our system over the brink into insolvency. It's not a question of if it'll happen; it's simply a question of when.
The fact that Obama and Democrats in Washington D.C. refuse to face this basic fact is the single greatest threat to this country, indeed to any country, today. In fact, it's the sole reason why, despite tremendous differences with stupid Republicans (Bobby Jindal's word, not mine) who seem to be doing everything they can to attain permanent minority status, I simply cannot become a Democrat.
Fortunately, New Hampshire Democrats seem to realize that a dollar can only be spent once and that you cannot spend a dollar that you don't have. That's because, thank the forces that be, we are required to balance the budget.
Barack Obama's math makes no sense, and no amount of tax increases will square these equations. We must dramatically cut spending, both domestic and military spending and entitlements. We can take very little solace in the fact that the Senate has finally agreed to create a budget.
Someone said we are borrowing money from our grandchilden, but it's far worse than that. With Obama's math, we are in fact stealing money from future generations. Taking money with no intention of repaying it--that's theft by my definition. The real tragedy is that a majority of Americans simply refuses to face the basic truths of arithmetic; they prefer being thieves to solving problems.
I am reminded Thomas Jefferson who claimed to oppose slavery but at the same time was such a spendthrift that only by mortgaging his slaves could he afford to carry on with his lifestyle. Again I refer you to the great new book, Master of the Mountain, Thomas Jefferson and His Slaves by Henry Wieneck. To finance improvements to Monticello, Jefferson used his slaves as collateral for bank loans from England!).
But I digress...
Far from being remembered as the President who first mentioned the word "gay" in an inaugural address or who delivered universal health care or even for solving the immigration problem, it seems most likely that Barack Obama will be remembered as the man who bankrupted the country; that he will go down in history, with plenty of accomplices (New York Times columnist Paul Krugman comes to mind immediately), as the man who led to the demise of this once great republic. Hopefully, historians won't equate that with him also being the first African American President (half African American for those keeping score).