this post was submitted on 14 Jan 2024
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Thank the Supreme Court. Apparently all this, and the impending climate catastrophe are apparently not enough reason to take on some debt.
The Supreme Court didn't say wr can't spend more money, they just said the practice of shifting things around arbitrarily within the budget was illegal. So the government can still get the money they need, they just have to justify it correctly and use appropriate legal mechanisms. In fact, the same court also ruled that the government has to do more to fight climate change
The Supreme Court? This a result of the government using the constitution to restrict fiscal policy. They fucked themselves
Raise taxes on the rich.
No, thank the GroKo for this asinine debt ceiling. They were told it would lead to choking necessary investments when they implemented it. Karlsruhe can only decide on the rules as written.