February 24, 2024 10:49 am

Spending Spree: German Coalition Led by Scholz Proposes New Budget Suspending ‘Debt Brake’ AGAIN | The Gateway Pundit

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Leave it to the Germans to turn a good thing into a bad one.

While there’s no denying that fiscal balance is a key component of a working state structure, the Germanic obsession with the theme – and with imposing it on Europe as a whole – is nothing short of legendary.

They went so far as to enshrine the ‘debt brake’ into their constitution – only to bypass it again, now to pay for Chancellor Scholz’s Climate Alarmist policies.

The Germans have a peculiar expression called schadenfreude: it means ‘the pleasure derived by someone from another person’s misfortune.’

That the Germans even need a word for this is a cultural data point that extrapolates the objective of this post, but suffice it to say this ‘misfortune-derived pleasure’ is many times now directed at Berlin.

As a commenter in X appropriately put it:

“For countries that spent years on the receiving end of Europe’s German-inspired fiscal Inquisition, there’s no sweeter sight than to see Germany splayed on the high altar of Teutonic parsimony.”

Bloomberg reported:

“German Chancellor Olaf Scholz’s government approved a supplementary 2023 budget that includes the suspension of rules limiting net new borrowing for a fourth consecutive year.”

Read: ‘No, Scholz, You Can’t Use Leftover Pandemic Money in Your Climate Alarmist Policies’: German Constitutional Court

The new budget lifts the figure for net borrowing for this year by €25 billion ($27.4 billion) to €70.6 billion:

“[Finance Minister] Lindner initially insisted on restoring the borrowing mechanism this year after it was suspended to help deal with the fallout from the Covid-19 pandemic and the energy crisis. The rules, enshrined in Germany’s constitution, can be temporarily set aside in the case of natural disasters or emergencies beyond the control of the government.”

What it means, as we learned, is that once you bend the rules for emergencies, there’ll be emergencies forever.

Read: British Conservatives Lowered Inflation Ahead of Goals, so They Are Giving Tax Cuts to Citizens – German Liberals Dug a Hole in the Budget, so They Are Ditching the ‘Debt Brake’ in a Panic

Lindner’s revised 2023 budget will now be sent to parliament for approval.

“Rolf Muetzenich, the head of the SPD caucus in the lower house of parliament, said Monday that such a move is justified as Germany is facing multiple challenges, not only the fallout from Russia’s invasion of Ukraine.

‘We are not living in normal times,’ Muetzenich told reporters, urging opposition parties to help the government with a ‘constructive’ policy contribution.”

Read more:

German Priorities: Berlin Imposes a Spending Freeze Over Budget Crisis – AND ON THE SAME DAY, Releases a New 1.4B Military Aid Package to Ukraine



Source link

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: Spending Spree: German Coalition Led by Scholz Proposes New Budget Suspending ‘Debt Brake’ AGAIN | The Gateway Pundit

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Related News

Let’s not lose touch…Your Government and Big Tech are actively trying to censor the information reported by The ANR to serve their own needs. Subscribe now to make sure you receive the latest uncensored news in your inbox…

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Discover more from The ANR

Subscribe now to keep reading and get access to the full archive.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8