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President of the Bundestag: Wolfgang Schäuble warns of high social spending

2020-02-24T14:39:15.493Z

The President of the Bundestag has accused the Federal Government of lacking farsightedness. Schäuble believes that the current pension policy cannot be financed in the long term.



Bundestag President Wolfgang Schäuble (CDU) has criticized the federal government's budget policy and warned of high social spending. "We are spending an increasing amount on social matters in the federal budget. That is not particularly farsighted," the former federal finance minister told Handelsblatt . "Everyone thinks we have infinite money in the federal budget," criticized Schäuble.

Schäuble pointed out that the sustained upswing is contributing to a "crisis in our political system". "Everything we think is in abundance is of no value," he said. Only through the "awareness of scarcity" does a value arise.

For example, Schäuble believes the current pension policy cannot be financed in the long term. He cited the mother duck enforced by the CSU as a concrete example. "Finally, the SPD came and in return for the mother's pension claimed the pension at 63. One mistake caused the other."

"Social policy should pay more attention to those who really need it"

Schäuble was similarly skeptical about the basic pension. "I do not want to say anything here against the basic pension itself. It has its justification when it comes to the recognition of lifetime performance," said Schäuble. However, he wonders whether everyone who could receive the benefit is really in need. "Social policy should pay more attention to those who really need it," he said.

Schäuble expressly protected the acting finance minister Olaf Scholz (SPD) in his criticism. "The social overweight in the household is not a development that started with Olaf Scholz," said Schäuble. As finance minister, he also warned time and again that the social quota was too high.

Source: zeit

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