Tuesday, September 24, 2024

Peter Boehringer, September 13, 2024, Delayed Bankruptcy

German Bundestag, Plenarprotokoll 20/186, p. 24196. 

Frau President. 

Following this week’s debates, it is increasingly confirmed: The government attempts everything to drag itself through to the autumn of 2025. And furthermore, no clarity is created for the central questions of the draft budget. 

How perchance should one deal with the giant gaps in the two fully distinct military estimates? For one with the regular costs for a Bundeswehr for the defense of Germany: Legitimate expenditures, yet even today and first of all, quite unclearly financed in the finance planning time frame. For another with the expenditures for misguided foreign missions, primarily for the Ukraine war which in addition is not our war. Billions in costs for direct and indirect German participation in war, concealed by an EU peace facility, a 50 billion EU Ukraine facility and in a Federal budget by the so-called post-procurement [Nachbeschaffung] of material, which however means nothing other than the physical donation of Bundeswehr material for use at a foreign front. German weapons will be given to Zalenskyi and then post-procured; that is in x places in the budget: Pro forma for the Bundeswehr. Here, the Bundeswehr is misused as a transshipment warehouse for an unfortunate and lost war which needs to be solved diplomatically. 

Then your sustainability budget for 2024. That the Ampel on account of the fully “unexpected” worsened business cycle still brings in the autumn of the current year a sustainability budget is a novelty in the history of budgets. Thereby will now be obtained the indebtedness margin, increased 11 billion euros by purely technical formula, ten months after the issuance of the original budget. That is not serious, particularly as the Ampel embezzles transaction proceeds from the sale of the Bund’s silverware – over 4.1 billion euros –, simply illegal in the accounting, so that then the debt brake will no longer be observed for the fifth year in a row. 

Colleague Bury plainly said something correct, and for another reason is this budget again not constitutional. 

The Ampel here besides profits from the evil fruits of its own policy. Since of course the origins of the worsened economic activity were the years-long oppressive and fraudulent Corona preventive measures, the world’s dumbest energy policy, and the omnipresent, false incentive which you set above all with the planned economy CO2 religion. Only that allowed you, on the basis of the somewhat questionable debts logic of Article 115 of the Basic Law, to today also obtain an extra 11 billion. 

There still continues to be some billions in risks in the budget which you yourselves have created. The risk of still further excess EEG compensations due to the planned economic guaranty price, the risk of a further exploding citizens’ wage [Bürgergeld], the risk of an abolition of the solidarity surtax, soon to be prescribed by the Constitutional Court, of course also the risk of a dramatically broken down economy. In the auto industry, that risk is already a reality. In July 2024, an orders breakdown of minus 29 percent vis-à-vis the previous year was to be written down; in regards E-autos, even a minus 69 percent in comparison with the previous year’s month. 

The Ampel apparently just plans precisely until the election date in September 2025. With you, it is therein clear, even if you deny it, that at the precise point after September 2025 there will be no more money. Any new Finance Minister will need to immediately order a budget embargo. Or then the Ampel or a successor perhaps proclaims yet again an emergency situation, so as to be able to conceal and compensate their own self-made budget emergency yet again by means of an ostensible external catastrophe? That is not academic. The coalition’s speakers in this week have explicitly not denied a new budget emergency on the basis of – cite Habeck – a historical struggle in the Ukraine. Whenever those governing trouble themselves over the pathos of endurance and historical dimensions, it becomes dangerous and expensive for the citizens. 

Yet then Herr Habeck also says what for an Economy Minister is a legendary sentence: The “Budget is not the center of the world”. Indecent numbers are thus to the Economy Minister all the same, – unbelievable! – all the same to him also is presence at this budget debate. 

The Ampel in any case is from the summer of 2025 no longer interested in the entire misery; Germany unfortunately still needs to be interested. In business, delayed bankruptcy is a criminal act; in this government, a common practice. 

Many thanks. 

 

[trans: tem]