Krugman on Texas and the Economy

Pointing out the obvious shouldn't create so much controversy. Here's the link.

Belief that tax cuts are a universal elixir that cures all economic ills is the ultimate zombie idea — one that should have died long ago in the face of the facts, but just keeps shambling along. Nothing that has happened in the past quartercentury has supported tax-cut mania, yet the doctrine’s hold on the Republican Party is stronger than ever. It would be foolish to expect recent events to make much difference.