With this kind of surplus, can anyone explain to me why German politicians, since they have so many statists and leftists, aren’t pushing to spend even more on social welfare, immigrants, etc...? Is this kind of surplus generally common in Germany, or is this rare?
I know in the USA any extra money is like candy-coated heroin for politicians. Hell, we spend $1 Trillion a year we don’t even have.
They cook the books - if they counted the hundreds of billions their state-owned banks have in debt from all the investments in shipping funds, they’d have to report a loss.
The Schwabian Hausfrau, Merkel, whips Parliament into shape on the budget surplus subject. Most of the surplus goes to paying down debt. Only A few pennies gets squandered.
It’s a annual ritual.
and yes, the German Gov’t generally always run surpluses. The central gov’t is relatively profligate compared to cities and small towns. Most small towns have zero debt and tight-fisted Burghers who’d chuck their Mayors out in the street otherwise. German big cities tend to have minuscule amounts of debt.
It’s a mindset utterly incomprehensible to US politicians
Fat chance of a trade war as German economy relies on exports
German threats sound eerily sad like the Soviet Union economic threats minus the nukes
They certainly wish Hitler was back or to use Climate Change or islamic mass migration rhetoric as weapons on the US now