Tag Archives: Budgets

You should have slashed the UNRWA budget first

September 22, 2025 By in Hard Facts, Helplessness, Hurt Feelings Tags: , , , , , , , , , Leave a comment

But it’s a good start, I guess.

Germany slashes aid and development budget – Germany has cut its budget for international development by 8% and emergency aid has been halved. Aid agencies warn of drastic consequences.

The governing coalition of the conservatives (CDU/CSU) and the Social Democrats (SPD) has slashed the budget of the Federal Ministry for Economic Cooperation and Development (BMZ) by 8% to just under €10 billion ($11.47 billion).

Development Minister Reen Alabali Radovan (SPD) is clear about the impact of the cut: “My budget is down by around €910 million compared to the previous year. In view of increasing crises, Germany is investing far less in international cooperation than is actually urgently needed.”

English of the day: Debt overhall

March 5, 2025 By in Hard Facts, Heconomy, Helplessness, Home Cooking Tags: , , , , , , , Leave a comment

That means to go bat shit crazy further into debt. Unnecessarily.

German taxpayers “contribute” a billion euros a year now. German politicians burn most of it. They have all the money they need. They just refuse to cut spending à la DOGE. This is a “conservative” planning to do this, mind you.

German parties agree on historic debt overhaul to revamp military and economy – The parties hoping to form Germany’s next government on Tuesday agreed to create a 500 billion euro infrastructure fund and overhaul borrowing rules in a tectonic spending shift to revamp the military and revive growth in Europe’s largest economy.

Friedrich Merz’s conservatives and the Social Democrats (SPD), who are in negotiations to form a coalition after a national election last month, will put their proposals to the German parliament next week.

Well, if there was ever any doubt…

November 26, 2024 By in Hard Facts, Heconomy, Home Cooking, Hurt Feelings Tags: , , , , , , , , Leave a comment

You must NEVER relax the debt brake, Germany.

Relax Germany’s debt brake, says Angela Merkel – Former chancellor’s memoirs back reform of borrowing cap that she introduced into constitution.

Former chancellor Angela Merkel has called for Germany to relax its “debt brake”, in a sign of the growing political pressure to overhaul a borrowing cap that many economists say is too inflexible. 

Merkel, who served as chancellor between 2005 and 2021 and introduced the debt brake into Germany’s constitution, made the proposal for change in her autobiography Freedom: Memories 1954-2021.

Booking “financing of transport infrastructure” as defense spending?

August 8, 2024 By in Hard Facts, Hideology, Home Cooking, Hustle (Hoax), Hypocrisy Tags: , , , , , , , Leave a comment

To “meet” their pledge of keeping defense spending at 2 percent of GDP?

Clever of the Germans. How refreshingly dishonest. And by that I mean openly dishonest.

Berlin wants to pump defense spending numbers by including military mobility – Germany wants to keep defense spending at 2 percent of GDP, but budget constraints make that difficult.

The cash-strapped German government is looking at how it can include the financing of transport infrastructure used by the military into its defense spending to meet NATO’s spending target.

German of the day: Luftschloss

July 20, 2024 By in Habitudes, Hard Facts, Helplessness, Hideology, Home Cooking Tags: , , , , , , , , Leave a comment

That means a castle in the air.

You know, a pipe dream. Like Germany’s renewable “energy turnaround” pipe dream. Only now the money has stopped coming down the pipe. Reality always sticks up its ugly little head sooner or later.

Germany Plans to Cut Renewable Subsidies as State Costs Soar – Nation to cut all payments next year when prices turn negative.

Payments will also be based on investment rather than output.

“When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business.”

– Henry Hazlitt

But he’ll get over it

July 9, 2024 By in Habitudes, Hard Facts, Helplessness, Home Cooking, Hypocrisy Tags: , , , , , Leave a comment

Real fast. It’s just how they roll here.

German defence minister deplores meagre military spending – Boris Pistorius’s criticism comes on eve of Nato summit in Washington.

German defence minister Boris Pistorius has criticised his government for approving less than a fifth of the budget increase he said was needed by Germany’s military, in stark remarks on the eve of a Nato summit in Washington.

German of the day: Fehlbetrag

January 21, 2024 By in Hard Facts, Heconomy, Helplessness Tags: , , , , , , Leave a comment

That means shortfall, deficit, missing amount.

You know, like when a government can’t burn the money it wants to burn because it already turned it to ashes?

Shortfalls could challenge Germany’s generosity – Germany has been one of the biggest spenders in the world on everything from social welfare to foreign aid. But national income has fallen and Germany’s government is dealing with a budget shortfall.

German of the day: Lahmlegen

January 7, 2024 By in Hard Facts, Helplessness, Home Cooking Tags: , , , , , , , , , , , 3 Comments

That means to paralyze.

For example: Bauernproteste legen Städte und Autobahnen lahm means farmers’ protests paralyze cities and freeways.

The week of rage – What’s in store for us tomorrow?

Starting tomorrow, farmers all over Germany will be taking to the barricades to demonstrate against the government’s (subvention-cutting) policy. Expected are highway blockades, rallies, protest camps and rallies all over the country. The farmers’ association expects “tens of thousands of tractors” to take part.

“Worried?”

January 6, 2024 By in Hard Facts, Helplessness, Hideology, Home Cooking Tags: , , , , , , , , Leave a comment

Worried about how heated up the atmosphere is getting?

Then why did you heat it up in the first place? Subsidies are like heroin. You don’t take heroin away from a heroin addict without expecting a reaction, do you?

Protest against German vice-chancellor shocks political class – Angry farmers attempt to stop Robert Habeck disembarking from ferry…

Deputy chancellor and economy minister Robert Habeck was on his way back from the island of Hooge on Thursday night when he faced a group of about 250-300 farmers at Schlüttsiel harbour, near the border with Denmark. They had gathered to protest against a recent government decision to slash agricultural subsidies.

“What I’m really worried about is how heated up the atmosphere in the country is becoming,” he added. “The right to protest in Germany is a precious asset. Coercion and violence destroy this asset.”

Your can hardly get any customers to visit your restaurant now?

December 28, 2023 By in Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking Tags: , , , , , , , , Leave a comment

I know! We’ll increase the sales tax so nobody comes to your restaurant at all anymore.

No need to thank us. We’re from the government and we’re here to help.

German budget woes trigger disaster warnings for restaurants – Owners who oppose return to higher pre-pandemic VAT rate are dismissed as scaremongers by economists.

Kemal Üres, owner of a tapas bar in Hamburg, has spent the past year telling his social media followers that thousands of businesses like his will be destroyed by a planned tax increase.

The man who calls himself the “Gastroflüsterer”, or restaurant whisperer, is campaigning to make the pandemic-era cut in value added tax on restaurant meals permanent. Otherwise, the German government’s decision to raise VAT from the 7 per cent rate in place since 2020 back up to 19 per cent in January would lead to higher prices, job cuts and as many as 30,000 bankruptcies, he said.