President François Holland recently proposed a 2016 budget which cut public spending and introduced a three-year program to grant more than €40 billion in tax breaks to businesses. Critics argue that the caps on spending will hurting the economy and President Holland’s proposed tax breaks are unfairly skewed toward businesses at the expense of households. Proponents argue that the proposals will stimulate the French economy which has an unemployment level of 10% and a growth rate of less than 1%.
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@DrewWolfSP3yrs3Y
No, the problem is not spending volume, the problem is poor spending decisions.