https://www.nytimes.com/2023/07/05/business/germany-budget-spending.html
The proposed package foresees spending about 6 percent less in 2024 from this year, in a return to financial austerity. But the severity of the cuts to social services drew sharp criticism.
Linder is not a smart guy, he also cut the Research and Higher Education budget by half a billion...
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.
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.
Neoliberals doing everything in their power to increase social and economic inequality.
More news at 11.
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.
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...