Yes, correct, and thanks for the addition.
To illustrate this quite emotional approach to state finances, the policy of not increasing the the debt was nicknamed "the black zero" ("die Schwarze Null") which got so infamous that the employees of the German Federal Ministry of Finances posed as a "black zero" in this photo: https://www.bundesfinanzministerium.de/Content/DE/Bilderstre...
Remember, this was at a time when German government bonds were sold with _negative_ interest.
So, Germany was refusing to take on any further debt at the time to invest (i.E. in social capital like workers, better immigration, in infrastructure etc. etc.) and is now trying to rectify this partially, at a time where interest rates are close to 3%. Personally, to me as a non-economist, this feels like a missed opportunity of a lifetime.
Which is a political choice - not necessarily a resource problem. Germany, if any, would have the resources to help with integration but for decades most people and politicians were living in denial that people from other countries that came to Germany actually wanted to stay and _live_ there or were living in a world were state debt was seen as the devil's spawn.
Did you notice that you emphasize the rule of law in your argument 1) but let the rule of law walk the plank (and drown in the south sea so to speak) with your fourth statement?
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Remember, this was at a time when German government bonds were sold with _negative_ interest. So, Germany was refusing to take on any further debt at the time to invest (i.E. in social capital like workers, better immigration, in infrastructure etc. etc.) and is now trying to rectify this partially, at a time where interest rates are close to 3%. Personally, to me as a non-economist, this feels like a missed opportunity of a lifetime.