A few calculations II

“This time for the debt growth rate in Germany. I cite :
“Als Zahl:! Die deutsche Statsverschuldung hat sich seit 1990 damit vervierfacht, von ”

translation the overall debt id 2 080 000 000 000. Well that is high but more impressing
we have four times the debts from just 21 years ago.

If we’d have in 21 year each year an expansion of 3.5% extra debts we just would have doubled our debts. So in fact
the debts have risen around nearly 7%. And that is “more than” ugly.

And that are “official” numbers. Not included are the to be expected pension payments for public servants. Because this is unique just to states. They do not have to pay into
some sort of pension funds. And so all the forthcoming pensions have to be paid from the current budget.

Even if the interest rates are on historical lows in nearly any developed country such kind of debt growth is “unbearable”. If we calculate with an average of 2.5% BIP growth. The economy has grown
at around 51 % but the debts have risen nearly 200%. So there is a gap and this gap will get larger and larger and the the day comes when this gap will be too big to be filled. The question is just when not
“if” any longer….

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