This is an interesting contrast. Good news for Germans, sad news for Americans.
As most Americans are aware, we’re having real problems handling our budget shortfalls. We’ve got deficits, fiscal cliffs, and sequestrations. We have a constant political battle of which direction to go.
Well, Germany has recently run into some budget shortfalls. What was their reaction to this?
The European cap-and-trade system has for months been sliding into inconsequence as prices for CO2 emissions have stubbornly remained below €5 ($6.47) per ton. The revenues Berlin earns on the mandatory emissions certificates have suffered as a result.
By the end of the month, Environment Minister Peter Altmaier, a member of Chancellor Angela Merkel’s conservative Christian Democrats, is set to cut the program aimed at promoting electric cars, a fund for research and development of energy storage technologies and a third program focused on protecting and expanding forestland in Germany as a way to absorb more CO2 out of the atmosphere. In April, further programs are on the chopping block, according to an internal ministry document seen by SPIEGEL. In total, 14 programs or one-time measures are affected.
Here we see responsible adults making choices. The prioritized the things really wanted vs the things they don’t need. When they have a budget shortfall, they cut away useless programs.
What was the response to budget shortfalls of the US?
There’s even this ……
One day, we might get an adult as a head of state, too.