The terrible truth. The French social model is financed only by debt and is therefore untenable.

The terrible truth. The French social model is financed only by debt and is therefore untenable.
The terrible truth. The French social model is financed only by debt and is therefore untenable.

Politicians, especially on the left, only have this word on their lips: “the social model” that should be “protected”.

The problem, and for once I can only agree with Thierry Breton's terrible observation, is that the French social model is no longer at all financeable.

We do anything. From sick leave, through Christmas or back-to-school bonuses, without forgetting the pensions paid to centenarians, we finance our “social model” which is a vast economic joke only with debt.

About 3,280 billion in debt and it will continue to increase until we hurt ourselves by putting the Augean stables in order, which we will not do, and therefore until we are going bankrupt and that moment is getting closer.

A social model worthy of the name can be financed by the economic wealth created each year.

If this is not the case, it is not a “model”, it is a lie, an illusion, a fable… and it always ends in tears.

;

It's already too late, but all is not lost.

Get ready!

Charles SANNAT

“Insolentiae” means “impertinence” in Latin
To write to me [email protected]
To write to my wife [email protected]

You can also subscribe to my monthly letter “STRATEGIES” which will allow you to go further and in which I share with you the concrete solutions to implement to prepare you for the world after. These solutions are structured around the PEL approach – heritage, employment, location. The idea is to share with you the means and methods to build your personal and family resilience.

“By wanting to stifle peaceful revolutions, we make violent revolutions inevitable” (JFK)

“This is a 'presslib' article, that is to say free of reproduction in whole or in part provided that this paragraph is reproduced following it. Insolentiae.com is the site on which Charles Sannat speaks daily and delivers an impertinent and uncompromising analysis of economic news. Thank you for visiting my site. You can subscribe for free to the daily newsletter at www.insolentiae.com. »

IMPORTANT. By connecting directly to the insolentiae.com site you can access the articles despite all the blocks. If you do not receive the Newsletter or if it was blocked, consider connecting directly. I only stop posting in August and between Christmas and New Year's Day. Note that orange.fr and wanadoo.fr subscribers are particularly affected by the inexplicable phenomenon of non-receipt of daily letters. Register for free with a new email address.

-

-

PREV World ranking: Bad and good news for Tunisair, it’s even better for Nouvelair
NEXT Five big stock ETFs that performed very well in 2024