German Bundestag, Plenarprotokoll 20/160, pp. 20611-20612.
Frau President.
For the umpteenth time the Linke wants to abolish the debt brake, this time disguised as a “reform”. Meant, however, is the cold abolition; Herr Görke was certainly at least honest. Since 2020, we clearly have a great coalition of all old parties for a boundless making of debt. In addition, we know that the tax money will not be sufficient for the government even in 2025. And the SPD’s speaker has confirmed that a great left-green debt coalition thoroughly sympathizes with this “reform”, or with the abolition idea.
What does the Linke now concretely propose? In the future, a “transition phase” of precisely one year shall increase the possible excess indebtedness, which diametrically contradicts what the Federal Constitutional Court permitted just last November: Very clearly, a setting aside of the debt brake only for the year of a catastrophe itself. Any time exceeding a year was explicitly forbidden by the Federal Constitutional Court. That does not interest the leftist writers of the motion.
In the motion’s second demand, the single hard guideline of Article 115, namely the structural deficit limit of 0.35 percent of GDP, shall be annulled. That however would be no “reform” of the debt brake, but a material alteration of the Basic Law’s wording, which may not proceed with a simple motion but only with a law to amend the Constitution with a two-thirds majority. The motion is thus also badly written.
With the third demand, the besides already highly mathematical finding procedure for the debt brake’s business cycle component shall be still further complicated. Who for once takes a rudimentary look at the formulation [Formelwelt], and the arbitrary scope of valuation which will be used for this calculation, knows that a self-indebted government chronically short of money can thereby vastly exceed the permitted limit of indebtedness – even today. The aim of the Linke, to receive still “greater fiscal scope”, as it is in the motion, is thus absurd, since this scope today already is enormous.
Clearly, the terms in Article 115 of the Basic Law are very spongy. There are therein named arbitrary expectations without clear deduction criteria, free of parameters as a result of unclear entities, certain cyclical norms, gaps in production, estimates of potential and cyclical settlement procedures, all without binding definitions. And the number in the end will determined by technocratic procedures and legal decrees.
Dear Linke, you should here just simply love the already existing planned economy, instead of wanting to reform it. Precisely that of course already is your vulgarized Keynesian theoretical model of a world. Simply enjoy it as long as you are still permitted to sit here and play with a national economy.
Many thanks.
Johannes
Fechner (SPD): Nothing missed there!
[trans: tem]
