EU is Out of Money, Must Start Cutting Dem Programs

Democracy ain’t cheap.

It costs all the money in the world.

RT:

Higher interest rates have added pressure to the EU’s long-term budget, already squeezed by multiple crises, including the conflict in Ukraine, migration, and energy supply shortages, Handelsblatt newspaper reported on Monday.

In the aftermath of the pandemic, those issues are overwhelming the EU’s financial resources, the German outlet wrote. Budget reserves are “practically exhausted,” the article says, while challenges are growing and Brussels’ ability to act is dwindling.

The report comes ahead of an EU review of its 2024 budget as well as the so-called Multiannual Financial Framework (MFF) for the years 2021-2027.

According to the paper, the EU member states’ willingness to cover the costs of the single budget is low, particularly in Germany, the most important net contributor to the union. All of this could undermine the EU’s capacity to finance its priorities or react to unforeseen events, and puts flagship programs at risk, the outlet warns.

The report pointed out that the bloc has a lot of mandatory spending, which leaves it with less than €30 billion ($32 billion) a year to support Ukraine, accelerate the energy transformation, strengthen the chip industry, boost domestic clean-tech production, open up new sources of raw materials and counter China’s Silk Road initiative.

Democracy can only function if you are able to bend people to your will.

This means you have to pay a lot of bribes, which is very expensive.

But what happens when people won’t accept bribes?

Well, then you have to start a war with them and kill them, and that is even more expensive.

The thing is, we don’t have any choice. Democracy is our values, and our values are who we are in a rules-based order.

So if there is no more money, we will have to kill more people and take their money so we can keep forcing people to do things against their will.

We can’t let the fascists win.