The Italian Superbonus Monster: A Threat to Public Finances and Political Responsibility

In a country where a bank – Intesa – gives parliamentarians the incredible interest rate of 5.6250 on the liquidity that is well kept in their current accounts without this scandal (as well as Scurati, censorship and similar boasting), it happens that the government within a few months. we discover that we have a scary monster at home, a monster that seems to consume everything and destroy the Italian future: the Superbonus. The ghost of this monster is called Giancarlo Giorgetti. I’m sure it’s right, but I wonder: where did this amazing creature come from? From the depths, it seems. The real underdog is the 110: nobody saw it coming. It’s a bit like the Chanel perfume that embarrasses Piero Fassino: we found it in our pockets without asking, our hands were busy, we were on the phone. In short, we didn’t recognize him until the guards arrived and crushed us. leading us to the most imaginable justifications. «We can’t update castles for free», or: «There are too many cheaters, we are grateful that we stopped it» (then prepare to stop the Pnrr projects too because it seems that the scams discovered so far are just the tip of the iceberg).

The Superbonus is a monster that over time will be a boulder for the Italian public finances, so we have to cut here and there, maybe cut pensions a little and give the sops they ask for to the Department Europe. “All because of those who renovated the castles and rebuilt the city for free”, the statement is perfect. I only have one question: was it possible that no one noticed Is this terrible new species starting in the political creation? Is it possible that it is only Conte’s fault? Is it possible that now everyone will distance themselves from 110 ?But this monster has almost passed through the hands of all parties (except the Brothers of Italy): could no one have felt the effect of the multiplication? that a sudden stop would have the same effect as someone traveling on the highway at 129 km/h (thus respecting the law, just like with the Superbonus) which suddenly hit by a Polstrada patrol? No one, so much so that no one during the election campaign had preached the end of the Superbonus.

“Okay, but parties are what they are,” you might scoff. We know them. Let’s put it this way: the parties would prefer, more or less, to see the multiplier effect on the GDP without dwelling too much on the additional cost. But Mario Draghi, sorry? The last government of the last legislature was led by a former central banker, by a man who goes around the world preaching the difference between good debt and bad debt, by a man ‘-gentleman who received training at the Ministry of Finance: not even the de Freasdal with full powers who were with him understood that a monster was so omnipresent in our house? «Yes, he noticed, of course he wanted to stop». Yes, but he didn’t. He only changed about twenty times on the face that no rule should be more certain than the fiscal one. “Draghi did not stop because he also wanted the votes of the Five Star Movement to become President of the Republic”, that is what almost everyone says. Perfect, then it means that even the intentions of the Providence man were more important than the infamous public debt, and therefore the good of the country. In short, everything is relative. Just like the interest that Intesa Bank gives to Italian parliamentarians.