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A key sign of the Republican Party's dysfunction in recent years has been its unwillingness to produce serious policy proposals.What will Republicans do this year if elected to the White House? All Republican candidates would repeal Obamacare, some would pass a constitutional amendment to balance the budget, and others would deport several million undocumented workers. Donald Trump, predictably, outdoes them all with a proposal that would add $11.2 trillion in deficits, and would increase the national debt by nearly 80 percent of GDP over the next two decades.To do so, Friedman assumes that per-capita growth would average 4.5 percent (more than double the rate over the last three decades), and the employment-to-population ratio would suddenly reverse its long decline and reach 65 percent, the highest ever.That argument is premised on the notion that, in fact, America would be better off with $30 trillion of extra spending, public colleges that were absolutely free (and thus essentially government-controlled), high tariffs and top marginal tax rates of about 85 percent.Am I speaking about Bernie Sanders – or Donald Trump?
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