Comments by "Paul Aiello" (@paul1979uk2000) on "Why Germany’s Coalition Can’t Pass its Budget" video.

  1. I've no problems with debts at a personal, government and public level, but I always feel that debts should be short term of no more than a decade and should be reasonable when it comes to paying it back, in other words, it doesn't put you out too much by being a burden, or in the case of a country, austerity measures. I feel too many countries take on too much unnecessary debt because it's easy to do, many governments know they can pass the burden onto the next government, easy access to debts probably reduce much needed reforms that could boost the economy. So I feel debts are fine, as long as they are manageable and short term of no more than a decade, when it's longer or what seems like permanent debt, it ends up being a drain on the overall economy, but more of a worry is that debts are used by many governments to dig themselves out of a hole because they don't want to make the hard choice on reforms. With that said, sometimes emergency debts are needed, like with Covid, but most of the time, it should be avoided and kept low where it's manageable, doing that would likely put more pressure on governments to do real reforms in the economy to boost it.
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