As you are well aware, in February of this year, the Congress passed the American Recovery and Reinvestment Act, or ARRA, a major fiscal package aimed at strengthening near-term economic activity. The package included personal tax cuts and increases in transfer payments intended to stimulate household spending, incentives for business investment, increases in federal purchases, and federal grants for state and local governments.
Just as stable money is and will remain an essential prerequisite for internal subsidiarity in society. Even with further political ties, that by no means is bound to lead to a superstate of Europe. And secondly: the extent to which cross-border integration and globalisation are seen as a democracy problem depends, not least, on one’s understanding of democracy.