Democracy with Liberty (Sheeps and Wolves)

I've heard the quote,

Democracy is two wolves and a sheep voting on what to have for dinner.
Liberty is a well-armed sheep contesting the vote.

This slogan is supposed to show the differences between libertarianism and mob rule democracy.

Here's my spin on the matter. I believe we have as much to fear from conservative libertarians (libertarian-think-tank-ism) as we do from mob rule. Because of everything from global warming denial to winking at torture and massive borrowing (i.e., "tax cuts"). Here are my spins on the matter:

Neo-conservatism is one wolf telling three sheep that fences deprive all of us of our God-given liberty.