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The HCFP considers the government's deficit reduction plan not credible

The HCFP is the High Council of Public Finances, the body of the Court of Auditors and which estimated in an opinion that the government's objective of a return to a public deficit below 3% of gross domestic product (GDP) in 2027 “lack of credibility” given the current deterioration of public finances and economic growth forecasts!

No kidding. The HCFP does not go so far as to say that we are led by Mozarts of finance who play wrong notes and a bad score, but almost.

The institution warns of the lack of coherence of this new trajectory. Its first president, Pierre Moscovici, in an exclusive interview with Le Figaro, judges that the executive's promises lack credibility, particularly on reducing spending...

Moscovici. It is unfavorably known to my poultry police services (chickens).

For years my crystal chickens have been accumulating a file as thick as your arm on Pierre Moscovici. Minister of the economy who is failing and finances which are slipping, comrade European commissioner, then president of the lower court of accounts which are not going well. Let us not forget his love for the beautiful Marie-Charline and her cat who Moscovici gave her bath. You notice that the latter had the exquisite taste of having a cat named Hamlet and not a cat, which will avoid many saucy comments. In short, there's no shortage of mentions in this mamamouchi's locker!

So let's listen to these last words about this Mozart-style management.

“We cannot reduce public spending so massively without having an effect on economic growth. A coherent scenario would therefore require changing either the macroeconomic forecast or that of public finances. »

There we agree. From a technical point of view, there is a large shell in the soup.

But the best is when Le Figaro questions him about what should be done... and then we feel the years of experience in nothing coming to the surface

“We must find room for maneuver. To do this, we need political will, courage, because it is undoubtedly unpopular, intelligence to define economies that do not harm essential growth, and pedagogy. »…

Here we are.

The essential educational effort.

When people talk to us about pedagogy, we are going to have problems!

You understand I suppose, since we have lived in Macronie.

In Macronie, which is a great democracy, that of West Korea, we always demonstrate pedagogy before sending you the Brav-M and the CRS if you have not understood the pedagogy. Phase 1, the pedagogy which explains why you must obey. Yellow Vests? Pedagogy then flashballs. Pension movement? First teaching of course, then flashballs. Vaccines ? First education (all vaccinated, all protected) then…health pass.

Here we are talking about money. Of debts. Deficits.

So pedagogy is about explaining to you why you are going to have to make a lot of effort. Work more, earn less, work longer, pension smaller. Fewer hospitals and obviously paying more taxes. To make you pay more taxes… pedagogy. Then after the automatic taxation since you will agree.

Here you do not risk being blinded by a flashball, rest assured, it is just your savings that will be cut, your income that will be blinded, and you who will suffer from a significant fiscal hernia at level L1,L2 , L3, L4, L5 but also L6, 7, 8, 9, 10… it’s crazy how many vertebrae we have!

The inevitable fiscal hernia…

“Given the deterioration of the public balance recorded in 2023 compared to the forecast of the LPFP [public finance programming law] and lower growth hypotheses, the return of the public deficit below three points of GDP in 2027 would imply a massive structural adjustment between 2023 and 2027,” points out the HCFP.

“The High Council considers that this forecast lacks credibility: while such an effort in spending has never been made in the past, its documentation remains incomplete at this stage and its realization requires the establishment of rigorous governance », he adds.

And when a spending reduction effort of this magnitude has never been done, know that there is no reason to be done this time.

So, and this is a logical resolution, of a logical problem. If we are not able to make this effort to reduce spending, we will do, well, we will do the only easy thing they have known how to do since I was born in this country... raise taxes.

Let us continue the logical and rational reasoning.

They will therefore cut savers a little more.

Let's make an analogy with sheep. Animal species well known to all French taxpayers.

To shear a sheep, it must not move!

If you apply this principle to French taxpayers, you can deduce quite easily what is not moving or is difficult. Real estate for example obviously. So we can already have a good idea of ​​what is going to be taxed more.

This is the first good news.

Anticipate future mowing, with which mower, and who will be the mower…

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