They’re still squirming. 1) No money but lots and lots of things to spend it on (spending voters’ taxes is how they get votes). 2) Can’t raise taxes any higher (voters are already being taxed to death).
Let’s see. 3) There’s still this debt brake thing we could tweak (except we would need to change the German constitution and the opposition won’t help us).
This adds up to… Are you serious? Do you honestly mean to tell us that we now have no choice but to set priorities and, gulp, cut spending? OMG we’re all gonna die!
Germany’s budget crisis spurs calls to change its borrowing limits – Germany’s budget crisis has given new momentum to reforming self-imposed borrowing limits even among the opposition conservatives, as hunger for sorely needed investment trumps an earlier political obsession with fiscal rectitude.
Observing Hermann 