“France’s state auditor urged the government Tuesday to redouble efforts to limit spending rather than increases taxes… He said ‘the spiraling welfare debt was particularly abnormal and particularly dangerous.’ During his first year in power, President François Hollande relied on large tax increases to plug holes in public finances, including social programs such as pensions, unemployment benefits and health care. But economic stagnation in 2012, coupled with a mild recession at the start of 2013, has waylaid the plan, while both companies and households are crying foul over what some have called ‘a tax overdose.'”

http://danieljmitchell.wordpress.com/2013/09/18/a-rare-sign-of-fiscal-sanity-in-france/

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