Every morning, Nicolas Beytout analyzes political news and gives us his opinion.

This Monday, he is worried about the disappearance of the subject of debt.

Everyone does not care for the moment but Nicolas Beytout recalls that we will end up paying for it.

The Finance Bill for 2021 will be presented this Monday morning in the Council of Ministers.

An exceptional project, for an exceptional period.


And with exceptional figures.

An 8% increase in growth after a 10% plunge this year.

And above all, a deficit of nearly 7%, largely due, obviously, to the famous 100 billion of the recovery plan.

This is the aspect of the Finance Bill that will focus the debates.

But be careful, not on the sum, because everyone seems to approve of this choice.


Not on the 100 billion, so we will discuss their use?

Absolutely!

Considerations that will have to be asked or not from companies in exchange for the aid that will be allocated to them.

It is on this that the political confrontation will take place, mainly between the left and the government.

With a classic argument for the left, help is a gift that must be returned (we had already had this ritornello at the time of the CICE).

For the government, aid is a lifeline in an environment that has become totally unstable, even hostile.

What position will the right have in this debate?

She is embarrassed.

Its problem is that with this incredible economic and social crisis linked to Covid, it has lost one of its main political markers.

During the first three years of Macron's five-year term, the right has shone the spotlight on the inability of the head of state to reduce the standard of living of the administration and on his renunciation of reducing the number of public jobs.

The campaign promises of candidate Macron have been completely abandoned, public spending has caved in and the debt has clearly worsened.

Debt was the enemy, and the Right did not hesitate to cast iron on it.

Well, it's over.

Finished !

Not a word on the debt, its drift more and more worrying and the new heights that it will reach (2,700 billion, it is dizzying).

This subject, which has fractured the French political landscape for decades, seems to be placed in isolation, confined because of Covid.

The General Rapporteur of the Assembly's Finance Committee, however, underlined that we were facing "the worst deterioration of our public finances since the Second World War".

A disaster.

And will it last?

The subject will not return in the news?

No, as long as we are in survival operation, the debt will be ignored.

It's curious, moreover, this blindness, we talk a lot about the difficulty for young people to experience this Covid period, but not about what to repay (what they will have to repay) afterwards.

In fact, this subject is inaudible today.

We cannot say that we will have to work longer, we cannot say that after having spent so much more, we will of course have to spend significantly less.

We cannot say to a sick social body which hopes for its recovery, that there will then be a long convalescence.

It will come later and, on that day, the debt debate will return to the forefront of confrontations.