Quote Originally Posted by Brenus View Post
What is so working so well with the cuts? Tell me people… More cut, less money in taxes, more money to spend on benefit, more difficulties to pay the debts, so worst conditions to borrow money… Did it work in Greece? No. In UK? No. In Argentina? No. Where did it work? Tell me…
But you guys think that one individual can get 16 million Euro when other cannot live on a salary… Fine. Not the world I want for my grand-kids…

What Holland can do worst than Sarkoleon? You mean, apart receiving money from dictators, destroying businesses and putting his cronies at strategic points in media and high positions? Or perhaps following orders from Merkel? What can be worst? This guy dug the debt more than nobody else in French Fifth Republic history and he wanted to give lessons?
He is one of the most corrupted politician we had, and the most hypocritical b*****d ever elected. Playing good catholic (divorced twice), betrayed everybody he could (Chirac), destroying the French Nation and its valour by discriminating people by colour, religion and even food…
Laic with the Muslim but being the Chanoine of Latran, he deeply disgusts me. If France would applied what he wanted to do few year ago, he wouldn’t be there as his father would have deported back to the Hungarian Communist Dictatorship.
I didn’t vote Hollande at the first turn, and he is not my choice. But, by the gods I don’t believe in, the crook is gone and hopefully will go to jail.
It's simply arithmatic - you cannot spend more than you make if you cannot borrow. Hollande can only raise spending if he can convince the markets to lend, and that is unlikely at the moment.

As you say - Greece, they spent so much on propping up industries that when they began to cut government expenditure the economy collapsed because it couldn't function without high public spending. Sooner or later governments with bloated budgets must cut spending or go broke. In France already over 55% of your GDP goes in taxes, which means that the public sector is powering more of the economy that the private sector and that is a problem because the public sector cannot make enough money to pay its bills.

In the UK we have had what amount to quite modest cuts in services, given that public spending was above 50% of GDP and once all the cuts have been made wwe will have cut less than Labour expected to AND spending will still be higher than 6 years ago, sitting around 2207-8 levels. More to the point, the cuts in services and budgets have not led to a fall in government expenditure, because the money saved is used to service the debt, i.e. close the budget defecit.

France is currently losing money to the markets, if you do not enact cuts you will simple become even poorer. Hollande must deal the hand he was dealt, not try to turn a pair of twos into a straight flush.