No. of Recommendations: 3
… doesn’t add up.

intercst and others are constantly whining about their perception of innumeracy among Republicans … while, at the same time, totally ignoring the fact that it is the Democrats that have a true problem of accepting the mathematical impact of their vaunted social programs.

The latest example of this Democrat deficiency in understanding basic arithmetic shows up in the Democratically controlled NY legislature's vote to ignore the effect of compound interest as it applies to state gov’t pensions ….


http://blogs.the-american-interest.com/wrm/2012/03/13/ny-sui...

NY Suicide Caucus Votes Down Cuomo Pension Reform

If you needed more proof that arithmetic-deficient politicians and dysfunctional government are largely to blame for the disastrous state of New York’s finances, Albany Democrats have just supplied it.

New York’s Assembly Democrats have voted down Governor Cuomo’s pension reform plan, hammering yet another nail into the state’s financial coffin. The Assembly refused Cuomo’s suggestion to raise the retirement age from 62 to 65 even though the governor stressed that his plan would save hundreds of billions of dollars in costs toward a pension plan expected to consume 35 percent of the government’s budget by 2015. In 2001, it was 3 percent.

Cuomo is a canny politician and is vested with strong executive powers; he has hinted that he may still push his plan through by forcing a government shutdown and implementing pension reform by supra-legislative means. But his common sense – he makes his case by explaining that without pension reform, now, thousands of public employees will be laid off, once the state’s funds run dry – isn’t enough to keep New York’s legislature focused on the needs of the people they allegedly serve.

Wars against arithmetic don’t end well.
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