Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-05-06-Speech-3-518"
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"en.20090506.42.3-518"2
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"Mr President, in all this talk of stimulus packages and recovery programmes, we are missing a rather important part of the picture. In order to pump money into an economy, you first have to suction that money out of the economy. The one-sided way in which we discussed this reached a pinnacle at the recent G20 summit, when leaders of the world boasted of having injected a trillion dollars into the world economy.
‘Into the world economy’: where did it come from, if not – in the broadest sense – from the world economy? Saturn’s rings? The red soil of angry Mars? So what we are really talking about is taking money out of taxpayers’ pockets and giving it to bureaucracies, national or international, to spend on our behalf.
If that really were the better way of proceeding, if we were all better off with state officials deciding for us how to spend our wealth, we would have lost the Cold War and we would be holding this debate in Russian."@en1
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