France's public debt has reached 2,000 billion euros and is heading straight for 100% of GDP.
This debt was 20% of GDP in the late 1970s, while growth was 4% and unemployment was 5%.
Debt has only increased over the years, as has unemployment, while growth has only slowed.
The graph below illustrates the comparative evolution of these 3 DCP indicators (Debt - Unemployment - GDP) and inevitably raises the question of the usefulness of public spending.
-> The state can no longer promote growth without reducing its own
-> The issue today is no longer the amount of public spending, but its usefulness.
-> Public debt, 40 years of psychological denial