State redistribution in Hungary is far too high and the state tries to do too much, Gabor Fodor, the leader of the liberal Alliance of Free Democrats, told a news conference on Wednesday.
Fodor said that the state does not do a particularly efficient job of redistribution and frontline services are poor. These are the key issues that must be addressed, he said. Fodor argued that part of the blame lay both with the system of local government and the fact that the number of parliamentary and local government representatives was “well above normal levels”.
He insisted that the socio-political system was fundamentally “wasteful”.
However, Fodor also laid a portion of the blame for current budget problems on a part of the period in which his own party governed with the Socialists. He said that between 2002 and 2006, for example, state debt and the budget balance had severely deteriorated. He said the problems which that period stored up by bloating the state were largely responsible for Hungary’s current strained situation.
“This was our fault and we have to be honest with ourselves,” said Fodor, adding that the liberals in opposition should now right what they had wronged in coalition with the Socialists.
Good for starters ….. self-criticism – we are all guilty!
To the macro-economic gurus: pumping money here and there, bailout or not, with an impaired banking system the economy will not kick off!!
And regardless of one ideology or party affiliation, the nation(s) must pull together! It’s common sense!!