"Germany is in a structural economic crisis and suffers from mismanaged social policy. Simply enduring budget deficits - that's not enough.
If the number of unemployed increases, then social spending increases - which inevitably tears holes in public coffers. This is always annoying when it comes to budget planning. But there are differences: If an economic downturn increases unemployment, an increase in social spending is still desirable - as a stabilizer of consumer demand.
However, if the economy is heading into a structural crisis, then simply enduring sudden holes in the social budget is not enough. Then we need a supply-oriented economic policy that strengthens companies and thus growth forces. And if an unexpected increase in spending results from mismanagement as a result of ill-conceived social policy changes in the law, then only a social policy course correction will help.
It is now actually the case that the expenditure on citizens' money is unexpectedly exceeding the budget estimates. So how should the ruling so called "traffic light" coalition deal with this? Unfortunately, there is all too much evidence to suggest that Germany has long been mired in a double misery of structural crisis and misguided social policy." [1]
1. Deutsche Doppelmisere. Frankfurter Allgemeine Zeitung (online) Frankfurter Allgemeine Zeitung GmbH. Nov 10, 2023. Von Dietrich Creutzburg, Berlin
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