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FORUM / MIKES GRIPES /  German Chancellor Scholz and His Globalist Coalition Are Under Fire for Budget Shenanigans and Unchecked Mass Migration

German Chancellor Scholz and His Globalist Coalition Are Under Fire for Budget Shenanigans and Unchecked Mass Migration

Started by Beeno12 REPLIES459 VIEWS· 04 Dec 2023, 07:35
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BE
Beeno1Captain40,032 posts
04 Dec 2023, 07:35
#1
04 Dec 2023, 07:35#1

Its truly amazing how long its taken for people to wake up. But think about this board. I mean look how ignorant Sharktwit, Rooitwit, Mozzzz Blobbrain and MOC are. Mozzz of course is ignorant about many things but knows more than he lets on and is an arch deceiver.

Nevertheless the Anti human Globalist are losing their grip. Given they are trying to murder their voters it gets very hard to spin the disastrous consequences of their actions.

Note how these absolutely crazy policies are not called as being deliberate. This needs to be said because they are. Allowing millions of people into your country who hate you and doing this for some 8 years is deliberate as it gets.


The ruling Globalist liberal coalition in Germany is under intense pressure, and its popularity is in the gutter.

The economic crisis that is affecting the whole of Europe is compounded by Chancellor Olaf Scholz’s warped spending priorities, and the unchecked, illegal mass migration which is also pushing German society to the brink.

As the German government struggles to find a way out of a billion-euro budget crisis, it also tries to preserve its climate alarmist ‘vision for environmental and industrial transformation’.

Read: 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

A recent ruling by the country’s Constitutional Court declared that the government’s 2024 proposed budget breaks fiscal rules enshrined in the constitution.

There is now a real risk that the coalition Scholz will get toppled over the economic chaos.

The Guardian reported:

“On its cover, the news magazine Der Spiegel accused Scholz, whose popularity ratings have plunged, of being a ‘know-it-all’ who was in the process of ‘leading the country into financial chaos’.

At the heart of the government’s quandary is the constitutional court’s decision to prevent its plans to divert €60bn of borrowing leftover from its pandemic emergency fund into a climate and transformation fund (KTF), to fuel Germany’s green revolution and modernize its industry.

The debt brake rule enshrined into its constitution in 2009 to bring stability and strengthen confidence in public finances during the global financial crisis was hailed as a victory for economic prudence at the time, rarely practiced elsewhere. Now economists and policy-makers are referring to it as a veritable straitjacket, which Germany has managed to put on itself.”

With the 2024 budget indefinitely suspended, all future financial support for Ukraine, or the EU budget and other ‘key areas of spending’ are all facing an uncertain future.

“In the Bundestag on Friday, MPs scrambled to achieve a short-term solution to the crisis in an attempt to plug the €60bn shortfall, in the form of a supplementary budget for the current year. The German finance minister, Christian Lindner, said ‘intensive conversations’ had been taking place in an attempt to salvage the three-way coalition’s goals – from decarbonization to prosperity for all – but warned that ‘none of this will be comfortable’.”

Lindner will pronounce 2023 as yet another ‘year of emergency’ and suspend Germany’s ‘debt brake’ – for the fourth year in a row.

While the fiscal issues at play may seem technical and deeply convoluted to the average German, the collective panic and shock has left many fearing austerity measures and the loss of German prosperity.

“Calls in particular from Scholz’s SPD, and one of its coalition partners, the Greens, for a reform to the debt brake – which limits the government’s structural deficit to 0.35% of GDP – are getting ever louder. But Lindner, from the third coalition partner, the pro-business FDP, so fiscally hawkish he is nicknamed the Sparfuchs – the saving fox, or skimper – is strongly against doing so. So too are the opposition Christian Democrats, who brought the rule in in the first place when they were in coalition with the SPD.”

Germany has had a ‘fetish-like attachment to maintaining balanced budgets’, trying but failing to implement it or impose it on the Eurozone partners.

Two-thirds of Germans are in favour of the ‘debt brake’, and it will take some convincing that it needs to be meddled with.




CL
clevermikeCoach57,555 posts
04 Dec 2023, 09:43
#2
04 Dec 2023, 09:43#2

Whatever the pesent German Govenment  wants is bound to impoverish more Germans - hundreds of thousands of whose food comes from purchases at food banks - since they could not afford the increasaes in prices shops charge for food items due to inflation.

Much  of it is caused by the Ukraine War and Scholtz have been heckled at public meetings on the issue.   The Government can spend billions in "aid" to Ukraine - but do not h ave tjhe money to spend on help for the German people.   

One can only wait and see what comes up in the state elections to be held in Germany in 2024 and next general election in  2025.   At this stage a number of German States are Governed by coalitions involving the Socialists and the Greens.   However, that is unlikely to continue since according to opinion polls they are the third and fourth strongest political parties in Germany with support for both combined being below 30% - support for the thid party - the Freedom Party - in the coalition has dropped to 5% and there is a very real danger that they will be left with no representation in the German and State Parliaments.   How long the latter party will remain in the coalition is going to be a problem as well.   They could jump out now in an effort to savce their Party from destruction - and try and rebuilt the Party - or they can stay in  Government  and hope their image will not be destrtoyed by that and then try and save the Party from obliteration in 2025.   

Another issue in Germany is that Coalition Governments generally are week because the parties had to make policy concessions and that again leads to sacrificing political principles for political party benefit - while it does not regard voters interests as important in a democratic environment.            

             

CL
clevermikeCoach57,555 posts
04 Dec 2023, 09:50
#3
04 Dec 2023, 09:50#3

Beeno

Germany has a debt brake of 3,5% of the German GDP - the USA debt now amounts to 135% of the USA GDP - the latter of whch is declining by $6 billlion per day.  Something tells me the latter is representin g  a death warrant for the USA economy.   Mozart will have a hissy fit when he reads what I wrote here.        

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