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You are mixing up you values and facts. You cannot deny that Miterrand gave France its socialist turn in 1980. whether that s a good thing or not is another debate. But social programs are financed by public debt.
The thing is I'm careful with the word here because I learned painfully that for a lot of American socialism is automatically equal to communism. They use both words interchangeably and mean the same thing.
While in truth communism is a radical ideology that has proven to be a failure with real world experiments on millions of people, while socialism is a spectrum with a lot of nuances in said spectrum.
A German "Sozialdemokratische" (social-democrat party) or a french "parti socialiste" have absolutely zero thing in common with communism.
They're ingrained in the liberal economic order and don't try to change it. They have nonetheless social values like accessible healthcare and education, retirement pension, refusal to privatize public services like transportation, etc.
Within this framework and if we're giving the same meaning to those words then yes François Mitterrand is absolutely a socialist. Yes it's financed by public debt. And if you want my opinion it is not good but mandatory, up to a certain point when it starts having diminishing return or worse.
But I can't explain that with those nuances on this forum where people think that dying of kidney failure because you weren't rich enough to get a 6 figures transplant is normal and the time to do "you sound poor" jokes.