You are currently viewing the printable version of this article, to return to the normal page, please click here.

LETTER TO THE EDITOR: Hollande victory means fiscal ruin

Question of the Day

What has been the biggest debacle on Obama's watch?

View results

So Nicolas Sarkozy and his center-right government are out, and Francois Hollande and his "moderate" Socialist Party are in ("Hollande wins French presidency over Sarkozy," Web, Sunday).

For those as perplexed by the "moderate" descriptor as I was, allow me to enlighten you. It was only after examining Mr. Hollande's platform that it became clear. One of his planks is to tax those making more than $1.3 million at a 75 percent marginal rate. Were he not "moderate," he'd actually want the entire 100 percent. Thank goodness for temperance.

Au revoir, bourgeoisie; bonne chance, proletariat. You can bid adieu to whatever tax base France still has. Millionaires will be fleeing the country faster than the French army.

If that's not enough to wreak fiscal havoc, Mr. Hollande also wants to roll back the retirement age for a good portion of the population from 62 to 60. Vive la France!

Some are calling Mr. Hollande's brand of socialism "free-market social democracy." Free market? Interesting. In his victory address, Mr. Hollande stressed that more emphasis needs to be placed on economic stimulus, and that growth and unemployment will be given equal weight with balancing budgets. The problem is, I'm guessing, he sympathizes with that other "great free-market social-democracy" theorist, House Minority Leader Nancy Pelosi, California Democrat. To hear her tell it, nothing creates jobs like food stamps.

Who needs the Occupy movement when the Bastille has just been stormed and a 21st century Robespierre is ready with a new Reign of (Economic) Terror? God help the French.


Presto, Pa.

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

blog comments powered by Disqus
TWT Video Picks
You Might Also Like
  • Maureen McDonnell looks on as her husband, former Virginia Gov. Bob McDonnell, made a statement on Tuesday after the couple was indicted on corruption charges. (associated press)

    PRUDEN: Where have the big-time grifters gone?

  • This photo taken Jan. 9, 2014,  shows New Jersey Gov. Chris Christie gesturing as he answers a question during a news conference  at the Statehouse in Trenton.  Christie will propose extending the public school calendar and lengthening the school day in a speech he hopes will help him rebound from an apparent political payback scheme orchestrated by key aides. The early front-runner for the 2016 Republican presidential nomination will make a case Tuesday Jan. 14, 2014, that children who spend more time in school graduate better prepared academically, according to excerpts of his State of the State address obtained by The Associated Press. (AP Photo/Mel Evans)

    BRUCE: Bombastic arrogance or humble determination? Chris Christie’s choice

  • ** FILE ** Secretary of State Hillary Rodham testifies on Capitol Hill in Washington, Wednesday, Jan. 23, 2013, before the Senate Foreign Relations Committee hearing on the deadly September attack on the U.S. diplomatic mission in Benghazi, Libya, that killed Ambassador J. Chris Stevens and three other Americans. (AP Photo/Pablo Martinez Monsivais, File)

    PRUDEN: The question to haunt the West

  • Get Breaking Alerts