Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-12-12-Speech-3-158-000"
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"en.20121212.26.3-158-000"2
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"Mr President, I love this argument that a euro spent at Brussels level is worth more than a euro spent at national level, which is the justification for these budget rises. I mean, why not take the logic to its conclusion? Why not employ everyone as a government worker? Why not have the state responsible for every euro of spending? Think of how incredibly wealthy we would be: like the Soviet Union, but even more so.
The reality is that stimulus of this kind does not work, even at national level. The countries which decreed the biggest stimulus packages suffered the worst downturns. But it especially does not work when you remove the spending away from the people and you centralise it in remote institutions.
So what we really mean by stimulus spending at EU level is higher entertainment allowances and higher pensions and higher salaries and private jets from which Commissioners occasionally get out and lecture people about the need for austerity. Even in its own terms, this is the most useless form of stimulus spending we have ever had.
Higher taxes do not redistribute wealth. They redistribute people."@en1
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