German Government Slashes Spending, Except on the Military
German Government Slashes Spending, Except on the Military
www.nytimes.com
German Government Slashes Spending, Except on the Military
13 comments
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The fetish of the black zero.
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It's just silly. In business class you learn that you need to account for inflation when assessing the value of money. Even without economic growth 8% inflation mean that our country's debt shrinks by 8% if we don't pay back a single euro. That's about 200 billion euros of debt vaporized last year alone.
Not accounting for inflation with the debt brake (Schuldrenbremse) was an incredibly dumb decision.
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You learn that there are different kinds of dept aswell. Dept as investment isn't bad. And most importent: a country isn't a company. You can litterly print money! (Or at least the ECB) As long as the economy runs it doesn't matter.
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Neoliberals doing everything in their power to increase social and economic inequality.
More news at 11. -
I'm just mad that it isn't that shit Schauble paying the political cost for this.
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The thing they should be focusing on is the incredible inefficiency of the government. There are no consequences for doing nothing all day in a government job.
Throwing out the people who don't work and hiring a few who do would save a lot of money.
But unfortunately it's one giant pile of nepotism, so that won't happen.
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The problem is even our politicians don't care about the tax payers money, i.e. https://www.dw.com/en/german-transport-minister-blasted-over-autobahn-toll-debacle/a-51773179
So the government workers in lower positions can't do much because the higher ups don't care...
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What? No! Someone has to keep guarding the fax machine. Wo kommen wir denn dahin?
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13 comments
Linder is not a smart guy, he also cut the Research and Higher Education budget by half a billion...
The market will fix it, no doubt.