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Originally Posted by Sliver
Yeah it's pretty black and white to me as well. They can't afford the current system so they have to change it to a system they can afford. Sorry reality sucks.
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I don't know if that's necessarily true though. A report by the government's own Pension Advisory Council showed that with zero changes to the status quo, the system is expected to temporarily run deficits for the next decade but then return to breaking even going forward after that. And the pensions cost as a % of GDP is expected to remain steady into the future.
Based on the coverage, you'd think the pension system was on the brink of insolvency. But they're only projecting deficits of about €11M at the peak, which isn't particularly high for a €350B program given that they're expected to be temporary. And when the French government is simultaneously cutting corporate taxes and boosting military spending, people are going to react.