Why Germany Is Bettered Positioned Economically Than The US

image

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?

Funding Shortfall: Germany Forced to Cancel Climate Programs

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?

image

There’s even this ……

White House warns Easter Egg Roll could be canceled

image

One day, we might get an adult as a head of state, too.

h/t Lat

This entry was posted in Climate, Economics, News and politics. Bookmark the permalink.

10 Responses to Why Germany Is Bettered Positioned Economically Than The US

  1. philjourdan says:

    No, the children are in charge, and they will not allow another “grup” in the WhiteHouse. As long as they get “taken care” of, they have no need to find a job.

  2. Alfred Alexander says:

    Getting rid of WH perks would be a good place to start!!!!
    Alfred

  3. DirkH says:

    “One day, we might get an adult as a head of state, too.”

    Well. The first thing Merkel did when becoming chancellor in a great coalition with the socialists was increase VAT by 3% points; harvesting 32 bn EUR a year. If she has the choice between raising taxes and cutting spending she will always choose raising taxes – EXCEPT 6 months before an election. Make no mistake, the slush funds WILL be filled, after October, by whomever governs Germany then.

  4. Drama says:

    Are you suggesting we stop spending millions of dollars studying the eating habits of the brown-nosed squirrel of northeastern Manitoba? That’s economically stimulating research, and useful too.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s