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The German public debt has dropped below €2 trillion

Discussion in 'The War Room' started by snakedafunky, Aug 4, 2018.

  1. snakedafunky

    snakedafunky Red Belt

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    "The German public debt has dropped below €2 trillion for the first time in years thanks to robust economic growth. Public debt in Germany sank to €1.967 trillion in 2017, marking a drop of 2.1 percent in comparison with 2016, figures released by the statistics office (Destatis) showed on Thursday.
    The €42.1 billion drop in public debt levels is a result of high tax intakes from a booming economy and historically low interest rates. It all means that if each resident of Germany were to scrape together €23,797, the country could completely wipe out its public debts."
    https://www.thelocal.de/20180802/good-news-germany-you-now-have-less-than-2000000000000-in-debt

    The Germans are celebrating their high taxes now. But they are going to look very stupid when the money stops trickling down from the top.
    I also remember some people predicted that Germany would financially collapse under the refugee burden.



     
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  2. HomerThompson

    HomerThompson Titanium Belt Platinum Member

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    Get ready for several pages of complete horse shit.
     
  3. Arkain2K

    Arkain2K Si vis pacem, para bellum

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    No matter how much Germany's economy is booming, no matter how much more money their treasury brought in through tax revenues, I predict they will still choose to fall short of NATO's 2% defense spending target for years to come.
     
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  4. snakedafunky

    snakedafunky Red Belt

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    Maybe not by 2024 which I think was the year of the target?
    Because Germany is thinking about bringing back mandatory military service.
    That will probably bring it to the 2%.
     
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  5. Arkain2K

    Arkain2K Si vis pacem, para bellum

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    They should consider getting the current troops equipments that actually works first.

    http://forums.sherdog.com/posts/139280319/
     
    Last edited: Aug 4, 2018
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  6. snakedafunky

    snakedafunky Red Belt

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    Yeah but that is ''just'' a mismanagement issue. (the current defense minister is horrible)
    The bigger issue to get people to join.
    It's difficult to get people to join an Army if you don't have lower classes you can recruit from.
    I think a move back to mandatory military service will be the only option.
     
    Last edited: Aug 4, 2018
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  7. Cirris

    Cirris Purple Belt

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    No shit, Cause the USA is the national defense of most of Europe. Only England and France have a moderately strong defense force.

    Trump ripping on NATO the way he does is not diplomatic. Rather counterproductive. But he does have a point. Americans have been footing the bill for EU's defense for for a long time. They need to start adhering to agreements THEY agreed to.
     
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  8. tramendous

    tramendous Silver Belt

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    Immigrants shithole sharia blarrrrrgh
     
  9. snakedafunky

    snakedafunky Red Belt

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    Germany not spending the 2% is a very valid point for criticism.
    But it would not have a strong impact on the good economic numbers.
    You would have to probably spend another 30 billion or so to reach that.
    And that would basically be an economic subsidence program because most of the new equipment would be built in Germany. Or go into Airbus for development etc.
     
  10. Quasar44

    Quasar44 Double Yellow Card Double Yellow Card

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    Germany( unlike most of Europe )actually makes great things. However, their Stalinist leaders like Pol Pot in a skirt Merkel have flooded the nation with so many dangerous people that I dont see any future in Germany. Germany like France , UK will not exist as you know them and soon

    Italy may have saved themselves and Spain is being flooded.

    I will not be returning to Europe again in this life time unless its Italy
     

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