Honestly this is the problem with all road infrastructure. It'll be interesting to see how countries like China manage it. China currently has the largest paved-road system in the world, and maintaining that will not come cheap.
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Germany's
autobahn bridgesfalling apart
Thanks to not making any debts. It's all the infrastructure, I don't think a single one isn't about to break down.
I've gone nearly insane trying to argue about this with family. How hard is it to see that investment in infrastructure pays dividends in the long run??
Because it requires raising taxes and very few want that. Raise it on just the rich? Even the poor don't want that because they're just temporarily embarrassed millionaires.
It does not. Spending money you borrow at an interest rate that's as low as it currently is, is way, way, way cheaper than going "Oops, sorry, there's currently no money for roads / bridges / hospitals / Kitas /..." and waiting until they've fallen into complete unrepairability, at t which point you'll have to rebuild for way more money.
And speaking of Kitas: we currently have far too few. This forces some parents to stay at home even though they want to work. Borrow money, build Kita, a sizeable portion of the population returns to the workplace.
Better infrastructure allows people to earn more. More earnings is more taxes collected, without raising them on the individual.
I'm not sure what you're saying. Are you saying Germany is falling apart because it doesn't have debt?
Basically. It's a complicated economy issue. But lets say there's not just monetary debt, but also structural debt. Our infrastructure is old, a lot has to be repaired by making debts. But they refuse to, thing is, the bridges will collapse at some point, literally, if you don't build new ones. This will all come back to hunt our economy as no train will deliver, no truck will be able to use the highway as a lot of bridges are broken. Same with schools, you get less educated people, which then on average produce less wealth. In short term you save money, in the long term the world will move on without you. Every economist knows, a little debt is perfect as it works in sync with the capitalism we all live in. However the payment for the dept shouldn't outgrow the economy, that's the only rule. Making no new debts sounds good on paper, but no young person will say "thank you" when they grew up with bad education, a broken economy and an inhabitable planet. Now is the best time to make debts to fix big issues.
More like it doesn't want to get the money to maintain those infrastructure by going into further debt.
I'm not following German politics very closely but the article mentions that this restriction is in their constitution.
There was something in that genre in my province decades ago when a government dedicated itself to 'zero deficit' by cutting on infrastructure maintenance for many years. A bridge eventually fell. Classic story. It seems like a common thing.
This is the best summary I could come up with:
Twenty-four bright red trucks had been parked close together in the middle of the wide autobahn bridge at a height of 136 meters (446 feet).
Setting a speed limit and closing it to heavy vehicles could extend a bridge's life, but even these kinds of restrictions cannot rule out a sudden collapse.
In late 2021, the Rahmede bridge in the state of North Rhine-Westphalia was found to be so badly damaged that it had to be closed due to the risk of collapse.
Although traffic is being diverted over a wide area, thousands of vehicles still pass through the small town of Lüdenscheid and the neighboring villages every day.
A law was introduced at the end of 2023 that will eliminate the need for permits and environmental impact assessments for bridges that are being widened to add lanes as part of renovations.
Wissing thinks he has a way out of the predicament: A new infrastructure fund that the Free Democratic Party (FDP) wants to set up with the help of private capital.
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