https://hotair.com/ed-morrissey/2008/05/01/germany-uses-ponzi-schemes-to-support-older-ponzi-schemes/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usThu, 23 Apr 2026 09:26:52 -0400<![CDATA[The falloff of birthrates among Europeans has been one of the most compelling demographic trends of the last few decades. For various reasons, countries like Germany have fallen far below the replacement rate in fertility, and that portends disaster for the socialist states that rely on new workers to provide for retirees. The newer generations will not generate enough money to pay for the extensive net of social services to which Europeans have grown accustomed. Germany, however, has a solution, but one that compounds the problem instead of solving it:]]>Thu, 01 May 2008 08:50:14 -0400<![CDATA[Ed Morrissey]]>https://hotair.com/ed-morrissey/2008/05/01/germany-uses-ponzi-schemes-to-support-older-ponzi-schemes-n154490