“Thirty years of lax budget policy (the Trente Dispendieuses) marked by soaring public spending in the 1980’s, the happy-go-lucky attitude of the 1990’s and finally, a policy of procrastination in the 2000’s characterised by the development of creative budgetary marketing strategies exclusively destined to delay the (always) socially and politically painful moment of addressing the accounts.”

— Éric Pichet

Le programme de stabilité et le pacte de responsabilité : la trajectoire des finances publiques de 2014 à 2017 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2499496 Article in Revue de Droit Fiscal n31-35 (2014). <br class="br">Budgetary policy, From the Expensive 30 toe the Expensive 36, The Expensive 30

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Éric Pichet12

economist 1960

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“learning 's a gift, even when "pain", s your teacher!”

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“At the end of the current five-year presidential term and the “Trente-Six Dispendieuses” (36 years of uninterrupted deficits from 1981 to 2017) far-reaching public expenditure reforms will be required. These will be all the more painful as they are far too late.”

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“Average Americans have little or no influence over the making of U. S. government policy. … Wealthy Americans wield a lot of influence. By investing money in politics, they can turn economic power into political power.”

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