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Pushing Military Spending and Neoliberal Austerity, French PM Emulates Trump

Both the left and the far right in France see the government budget plan as something of a class war budget.

By C.J. Polychroniou , Truthout, July 17, 2025

On July 4, U.S. President Donald Trump signed the “One Big Beautiful Bill“ Act into law, implementing his reactionary policy agenda. This megabill is the most sweeping legislation in modern U.S. history and elevates neoliberalism to a new stage with huge tax cuts for the rich and equally huge cuts to the social safety net, including food programs and Medicaid coverage. Indeed, those who somehow interpreted Trump’s policies as representing an end to the neoliberal order in the U.S. could hardly have been more wrong.

Now, it is the turn of the French government to show the world that neoliberalism remains the dominant organizing principle for advanced capitalist societies. Confronted with a faltering economy, big budget deficits, and record-high debt levels, the government of Prime Minister François Bayrou has unveiled a budget plan that shares some uncanny similarities with Trump’s megabill, although it is surely not as brutal as the “Big Ugly Bill” will be for most U.S. citizens.

with proposals that include slashing thousands of civil service jobs, shutting down so-called “unproductive” national agencies, cutting prescription drug subsidies, reducing health care expenditure by €5 billion, and freezing pensions and virtually all other benefits paid out by the government to 2025 levels. The controversial budget plan proposed by the French prime minister also includes abolishing two statutory holidays from the country’s annual calendar — Easter Monday and May 8. The latter, known as Victory Day, is a pivotal holiday that commemorates the victory of the Allies over Nazi Germany. The government claims that abolishing those two public holidays would generate several billion euros in additional state revenues through increased economic activity. The French prime minister has also left open the possibility of additional statutory holidays receiving the axe…………………………………………………..

………………………………………………there is more obscenity included in the French government budget plan than already mentioned. Just like Trump’s megabill, Bayrou’s budget plan slashes the social safety net but expands the defense budget. …………………………………..

……………………Bayrou’s budget plan will add €3.5 billion to the 2026 defense budget and €3 billion to the 2027 budget.  Bayrou himself declared the defense budget to be “sacrosanct” and exempt from budget cuts.

Neoliberal economics is of course tightly linked to militarism and warmongering. Most NATO countries are boosting their military spending to 5 percent of GDP, largely because the alliance remains subservient to the United States and European leaders want to appease Donald Trump, who has threatened to disengage from NATO over the U.S. paying an “unfair share” as member. But in so doing, the European governments become full and willing partners in the militaristic adventures of the United States, which now views China, not Russia, as the biggest threat to its supremacy. In any case, the idea that Russia somehow has strategic aims to militarily attack Europe is as ludicrous as it is nonsensical. To what end? A question never asked by European leaders and therefore never answered………………………………………………………………………………………………………………………… https://truthout.org/articles/pushing-military-spending-and-neoliberal-austerity-french-pm-emulates-trump/

July 25, 2025 - Posted by Christina Macpherson | France, politics