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Public spending: “Dear life on credit”

2022-09-23T18:22:35.622Z


The editorial of Le Figaro, by Gaëtan de Capèle. Next Monday, the government will present the forty-seventh consecutive state budget in deficit. It will not be the last: we already know that those of the next five years will also be, as will undoubtedly the following ones. So goes France which, addicted to public spending, indefinitely increases its debt - soon 3000 billion euros - in all recklessness. Not a company, not an individual would resi


Next Monday, the government will present the forty-seventh consecutive state budget in deficit.

It will not be the last: we already know that those of the next five years will also be, as will undoubtedly the following ones.

So goes France which, addicted to public spending, indefinitely increases its debt - soon 3000 billion euros - in all recklessness.

Not a company, not an individual would resist such a situation.

A few callback forces, which are called bankruptcy and ruin, would quickly bring them back to reason.

Not so with public power, which superbly ignores the basic rules of sound management.

And who, by dint of signing bad checks, ended up making it a mode of government.

The cost of debt will soar by tens of billions

Gaëtan de Capele

Can we, even when we are - less and less - a major world economic power, live forever on credit?

The succession of financial crises, increasingly close together and protean, should encourage caution...

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Source: lefigaro

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