virolai
02-26-2009, 10:31 AM
Obama's Budget Projects $1.75 Trillion Deficit
http://wcbstv.com/national/obama.2010.budget.2.944398.html
German deficits were 0.2% in 2007 and 0.1% in 2008
NOT all governments are doing exactly the same ;) Fiscal responsability is required by EU to prevent currency collapse, so no member should exceed 3 or 4%
Yes, Merkel has planned a big stimulus plan but there is still a strong opposition group inside CDU/CSU conservative parties. Besides, in september Federal Election people expects Social-Democratic Party (part of current government coalition and promoter of big spending stimulus) to suffer a big defeat that will allow pro-market liberals (FDP) to form government with conservatives. The FDP (18% in last poll; 9% in 2005) is critic of spending plans and bailouts
http://wcbstv.com/national/obama.2010.budget.2.944398.html
German deficits were 0.2% in 2007 and 0.1% in 2008
NOT all governments are doing exactly the same ;) Fiscal responsability is required by EU to prevent currency collapse, so no member should exceed 3 or 4%
Yes, Merkel has planned a big stimulus plan but there is still a strong opposition group inside CDU/CSU conservative parties. Besides, in september Federal Election people expects Social-Democratic Party (part of current government coalition and promoter of big spending stimulus) to suffer a big defeat that will allow pro-market liberals (FDP) to form government with conservatives. The FDP (18% in last poll; 9% in 2005) is critic of spending plans and bailouts