The debt burden and budget deficit are two different things altogether. People get them confused, especially economies that are having a hard time waking up in the middle of a boom going on around them. That's the polite way of saying that they're sucking wind.
All the while, the socialists (let's call them the peasants for the sake of argument,) are out in the streets with pitchforks demanding more, more, more of what's killing them, and has been obvious for a long time.
The only politically acceptable option in a France afraid of change and challenge remains borrowing at the worst time. In effect, this is like busting up the furniture to stay warm, something long discredited, and long abandoned by the best and the brightest.
Hngh! I pity the fool.