The death of the French economy

Tomorrow Mr. Thibailt would like you all to strike in a demand for what ? Salaries increase, more jobs and keep the pension age at 60. Beautiful dream indeed but a stupid one all the same. Rule number 1 in economy: “Government has no money !” the public is paying for this. So in order to pay for more needless jobs increase the salaries (of the functionaires of course) someone will have to pay for it, The public ! Either by cutting essential services (medical, social, education, transportation etc…) or by increasing the income tax rates. So the people get more money just to pay it back to the government ? More jobs ? Yesterday I stood one and a half hour in a line and in the end I got a number and a permission to stand another one and a half hour in another line just to get a paper to fill and comeback to stand another one and a half hour in a third line. With no hesitation I can easily say that 2/3 of the public service is needless and useless. Two third of the this public service is eating the government budget, making the public life harder, and Mr. Thibault want to increase it ? But the biggest problem is the pension age, on this issue the French economy will live or die. The average French is growing old the average life span of a French citizen is getting longer. So less and less people work and pay taxes and more and more people enjoy their pension for a longer period, and this situation is just, naturally, getting worse. Here come the second rule in economy “government budget has to be balanced (or closed to balanced at least)” how can the government keep the budget balanced if less people pay taxes and more people are enjoying pensions (which they also want to increase, naturally). The government cannot print money, as printing money will reduce its value and with lower value you can buy less. So the government goes into deficit. France has already one of the biggest deficit in Europe, and much bigger then Greece !! This deficit is growing by the years. The only solution to reduce this deficit is increase the retirement age, and demographically its totally logical, if people live longer they can work longer. One of Greece biggest problem was a very young retirement age (57) and very small working hours. France is not much different. 60 is a too young age for retirement, and when the workers work only 35 hours a week where in every normal country the weekly working hours are 5-10 a week more, the French actually manufacture less, and are being gifted also in a young age retirement. France cannot afford this anymore, not with the huge deficit it has. Now lets see what will happen if this situation will remain: 1.The deficit will grow until the government cannot pay its debts. Inflation will grow, money will be printed and its value will be reduced. People will retire in the age of 60 but will find that their pension worth nothing. 2.The government will need to increase taxes considerably, people will earn less and will not be able to fund their basic needs, people will be thrown out of their houses. 3.The government will need a bail out. Who can bail out a country like France ? Nobody ! And once the French government will go bankrupt, Germany will quit the Euro zone, why ? Because the German economy is the only healthy economy in Europe and there is no reason it will carry Bernard Thibault and people like him (the French unionists) on their back. Now you must remember that a country is not a factory, it cannot be shut down or be taken over, so people will start starving until a leader with balls will have enough power and brain make the changes needed: cutting the civil service, increasing the age of retirement and eventually reducing the salaries. Life will be hard for many years, but the country may recover. Doing these now means saving France from a disaster. Tomorrow when you are going down the streets to protest remember these details. Because the future of France is up to you, you can kick Thibault out but remember: I am not a Sarkozist but electing Martin Aubry in 2012 will just bring the same disaster ! She was the one that responsible for the worst decisions in the history of the French economy and if you will elect her she will be the one that will bury it, if she will be elected, as she declare the same declaration as Bernard Thibault.