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Line 8: − + − Merz proposes to double the [[national debt]] from 62.4% of [[GDP]] to 125% with a 1.7 Trillion (Trillion with a "T") [[euro]] increase in spending to remilitarize for aggressive [[war]] against [[Russia]]. In 2024, Germany collected income taxes totaling slightly more than 1.8 Billion euros at the federal level. This means that for nearly 10 years, 100% of total income taxes would have to be spent on the repayment of 1,700 Trillion euro spending increase.+ + +
→Economic program
==Economic program==
==Economic program==
Never before in [[German]] history has a man who had not even been elected chancellor yet negotiated the biggest borrowing in the history of the [[Federal Republic of Germany]] with parties that lost the election, in a [[Bundestag]] that was long sincedissolved.
Never before in [[German]] history has a man who had not even been elected chancellor yet negotiated the biggest borrowing in the history of the [[Federal Republic of Germany]] with parties that lost the election, in a [[Bundestag]] that was long since dissolved.
In 2024 Germany’s [[national debt]] amounted to 1.6 trillion or 62.4% of [[GDP]]. Friedrich Merz will double this debt to remilitarize for aggressive [[war]] against [[Russia]]. This would lead to a debt ratio of 125%. 1.7 trillion is a hundred times more than all DAX companies together earned in 2023.
In 2024, Germany collected income taxes totaling slightly more than 1.8 Billion euros at the federal level. This means that for nearly 10 years, 100% of total income taxes would have to be spent on the repayment of 1,700 Trillion euro spending increase.
The additional [[interest]] burden for the 1.7 Trillion euros will amount to 47.6 Billion euros per year if the interest rate in 2025 for the 10-year German government bond of 2.8% is used for the calculation. The cumulative [[profit]]s of [[Volkswagen]], [[Mercedes-Benz]] and [[BMW]], Germany's largest manufacturers, amounted to 29.2 Billion euros in 2024. The German automotive giants would therefore not be able to pay the interest if they were to send all their profits to [[Berlin]].
The additional [[interest]] burden for the 1.7 Trillion euros will amount to 47.6 Billion euros per year if the interest rate in 2025 for the 10-year German government bond of 2.8% is used for the calculation. The cumulative [[profit]]s of [[Volkswagen]], [[Mercedes-Benz]] and [[BMW]], Germany's largest manufacturers, amounted to 29.2 Billion euros in 2024. The German automotive giants would therefore not be able to pay the interest if they were to send all their profits to [[Berlin]].