There is no macroeconomic justification for the continuous rise in the public debt ratio in France

Japan shows us a clear example of what can justify a continuous rise in the public debt ratio at the macroeconomic level: Skewing of income distribution against employees, which requires offsetting weak household demand by fiscal deficits; Private sector deleveraging, which justifies an increase in public debt to offset it; Excess corporate savings, linked to the skewing of income distribution, which must be offset by government dissaving. But in France we see: Skewing of income distribution in favour of employees; An ongoing rise in private sector debt; Insufficient corporate savings to finance corporate investment. So there is no justification for a continuous rise in the public debt ratio in France: it should obviously rise during recessions, but fall during growth periods.