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> There is no other way to run the world today under democratic regimes. Politicians will never win votes by promising to reduce govt debt That's not true. Macron in France was elected ( was second in the first round, and against the far-right candidate, which was profoundly terrible and got destroyed in the big debate, in the second round, where everyone flocked to him to avoid the other winning; so take "winning" with a grain of salt, although his party did win 50+ in the parliamentary elections a month after the presidential ones) on a platform of reform to make business easier, stabilising the budget, cutting unnecessary or overextended government expenditures, privatising some government-owned enterprises and investing the leftovers ( without a deficit) at improving the economy, work prospects for young people, startups, key industries, etc. Considering his work history in banking, then an advisor to the previous president, and later financial minister, doing roughly the same things, it wasn't just empty talking. Of course that went away when the pandemic hit, and he said multiple times, and i quote, "whatever it costs". It would have been fundamentally stupid on his part not to go back on his platform and leave everything go bankrupt and broke. |