The belt tight! It was a long time ago that you heard these words. Now they have fallen. The chairwoman of the business council of business, Monika Schnitzer, she said in Berlin. In fact, the Germans lived in the recent years of crisis as if all burden and effort were to be covered with more: more money against high energy prices, more money for corona-damaged, more subsidies for companies, more debts of the state to finance everything. You like to cheat that of teeth. The great risk, however, is that more in debt leads to a more consumption of state and social benefits, as if Germany can afford everything in a boom. There are enough wishes: more mother’s pension, more agricultural diesel subsidies, more money for caring relatives. . .Nur real investments bring growing mummy debt -financed government spending will also bring more economic growth, at least believes the reddish part of the coalition. The Council of Experts opposes this misconception. If at all, the debts only bring more growth if the money is used for real investments. If the government uses the loopholes to indulge in consumption, any growth pulse will fizzle out. This is the most important reminder of the economists to the Chancellor. Nevertheless, a second one is offered so that more growth can arise from the festival of debts. The economy must be able to process state money blessing. If the capacities are missing to build more drones and tanks to build more bridges and railway dams, the state’s multi -demand in more inflation instead of more growth will end. In the third year without growth, this leads to the realization that the state can no longer afford everything. That the citizen can no longer expect everything from social benefits. The belt tight, just. That can also mean: work more.
