View Single Post
Old 11-27-23, 03:21 AM   #2065
Skybird
Soaring
 
Skybird's Avatar
 
Join Date: Sep 2001
Location: the mental asylum named Germany
Posts: 40,636
Downloads: 9
Uploads: 0


Default

^ So far the discussion covers only slushfunds of a total of some 60 + ~200 billions, but the whole principle by which the left wants to circumvent the constitutional debt limit to spend more than there is money, stinks to heaven. Point is the CDU-government of federal states also in parts want to ease the brake - first, to advertise themselves as available to the SPD as a grand coalition partner if the SPD - the chancellor party - would fire the Green chaotic ones, and second many CDU minister presidents want to spend beyond the limits, too.

I think in the medium and long run they all will agree to give up the debt brake. That equals the habit in the US to every year extend the debt ceiling in the US. In other words: everywhere you see that the self-obligation of states to limit their increasing of debts get bypassed. Its all just theatre and stage play to please some of the electorate that knows that this endless spending frenzy must destroy the financial fundament of the state and society. Alibi.

Especially despicable is that the Greens claim the financial turmoils now to be due to the Ukraine war, which is not true, but it is due to their murdering of the basis of the German economy for green follies. The lion'S share of the raises in energy prices in Germany are state-driven and Green-wanted, Putin just added a bit to what the Germans decided for all by themselves. Energy prices in germany for the industry are more than three times as high as in the US, for private househiolds they are amongst the most expensive prices in the world, too. Days ago a huge industry association reported that the ammount of medium and big businesses in Germany considering to give up and either shut down or leave the country, has climbed from 26% before summer to now 46 or 48%. The number of shut down stores in the city centre is also visible here in my hometown. One third of individual restaurants has shut down, bakers die out, in the past ten years around half of the bakers in my vicinty have given up - you see, that is a long lasting trend with basic roots, not just a temporary hickup. Long running family businesses with tradition in the region have given up. Lacking workers due to demographic factors and a huge raise to state-paid financial incentives to not work at all so that even those migrants who got a working permission do not want to work, add to the mess. The pool of labourers erodes. Specialists get scared away by overboarding bureaucracy, too.

Germany is in free fall. Since years. The fall just accelerates. Nobody there being realistic about it. I dont expect to see it drastically reversing that again in my life (both education level from schools and working mentality are dramatically changing for the worse, too, so where should the change come from?), since I see it as a fundamental civilizational decline. The ammount of inner rotting and corruption is such that it compares to a biological body having formed blood and bone cancer. The metastases are everywhere, in every single sentence spoken and in every decision made by politicians - they now even get distributed through the air. The total implicit debt of the German state is several hundred percent above the officially published numbers.
__________________
If you feel nuts, consult an expert.

Last edited by Skybird; 11-27-23 at 03:36 AM.
Skybird is offline   Reply With Quote