We are in an economic mess

The Czech government of the last few years may be described as somewhat schizophrenic in economic matters. This is because although they have advocated the inclusion of financial literacy education in Czech schools, so that even young children can have at least a rough understanding of financial issues, these governments themselves have certainly not set a good example. This is because the rulers themselves were in enormous debt when they should have been teaching their children to manage their finances. The politicians put us, the people, in debt. And it got worse and worse.

The doomsday government could still partially excuse the need to fund and bail out the coronavirus and those unable to work due to regulations It could have done so. But that was in the early days until the pandemic ended, and the wasteful spending still continued. That never happened to us.

And salvation seemed to come at 12:05 when the people came to their senses and voted overwhelmingly for those who declared the government needed to save its finances, not the wasteful spenders it once was It seemed as if salvation had arrived at 12:05. But the years have passed and, unfortunately, it must be said that we have failed to help ourselves. In fact, even the only ones who promised to take steps toward restoring the nation\’s finances have done something quite different. Thus the national debt continues to grow and grow under them. And it continues to grow exponentially. It was back then that a propaganda pamphlet urging people to pay their fair share of the national debt frightened us when we voted. We were scared when we voted, because what the pamphlet said was a pittance compared to the debt we have today.

Today, every Czech owes 295,000 kroner to the treasury. And this amount continues to increase. In other words, our country now owes SEK 3,207 billion, which is SEK 500 billion more than two years ago. This debt is equivalent to 41.3 percent of the gross domestic product. The state continues to sell government bonds and treasury bills just for fun in order to pay its ever-increasing debt. And it is clear that it is not going to get any better. Until everyone refuses to continue financing the state for this “plane.”

The Czech government of the last few years may be described as somewhat schizophrenic in economic matters. This is because although they have advocated the inclusion of financial literacy education in Czech schools, so that even young children can have at least a rough understanding of financial issues, these governments themselves have certainly not set a good example. This is because the rulers themselves were in enormous debt when they should have been teaching their children to manage their finances. The politicians put us, the people, in debt. And it got worse and worse.

The doomsday government could still partially excuse the need to fund and bail out the coronavirus and those unable to work due to regulations It could have done so. But that was in the early days until the pandemic ended, and the wasteful spending still continued. That never happened to us.

And salvation seemed to come at 12:05 when the people came to their senses and voted overwhelmingly for those who declared the government needed to save its finances, not the wasteful spenders it once was It seemed as if salvation had arrived at 12:05. But the years have passed and, unfortunately, it must be said that we have failed to help ourselves. In fact, even the only ones who promised to take steps toward restoring the nation\’s finances have done something quite different. Thus the national debt continues to grow and grow under them. And it continues to grow exponentially. It was back then that a propaganda pamphlet urging people to pay their fair share of the national debt frightened us when we voted. We were scared when we voted, because what the pamphlet said was a pittance compared to the debt we have today.

Today, every Czech owes 295,000 kroner to the treasury. And this amount continues to increase. In other words, our country now owes SEK 3,207 billion, which is SEK 500 billion more than two years ago. This debt is equivalent to 41.3 percent of the gross domestic product. The state continues to sell government bonds and treasury bills just for fun in order to pay its ever-increasing debt. And it is clear that it is not going to get any better. Until everyone refuses to continue financing the state for this “plane.”