Krugman’s blog, 9/29/15

There was one post yesterday, “And Then There Were None:”

Well, predictions of full recovery were premature — that is, of my recovery from the nasty cold of the past few days. Hence no posting: microbe economics overwhelmed macroeconomics.

But I do want to weigh in for a minute on Donald Trump’s tax plan — which would, surprise, lavish huge cuts on the wealthy while blowing up the deficit. That’s in contrast to Jeb Bush’s plan, which would lavish huge cuts on the wealthy while blowing up the deficit, and Marco Rubio’s plan, which would lavish huge cuts on the wealthy while blowing up the deficit.

At this point there are no Republican candidates deviating at all from the usual pattern. Why, it’s almost as if nobody in the party ever cared about deficits except as an excuse to slash social spending, and is totally committed to redistributing income upward.

And there is, of course, no evidence — zero, nada, zilch — that cutting taxes on the rich will yield large economic benefits.

What we’re seeing here is a party completely incapable of reforming …

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