Austerity with high joblessness is economic poison. Deficit cuts that phase in over time should be approved; job programs should be effective immediately. The original Simpson-Bowles group fully understood the need for short-term job programs tied to medium- and long-term deficit reduction.
They were right then; this is right now. A bipartisan debt deal should include a substantial program to create jobs by rebuilding America's infrastructure of roads, ports, schools and rail. Many Republican governors support a major infrastructure rebuild. Many Republican-friendly business leaders support a major infrastructure rebuild, including the U.S. Chamber of Commerce.
The mantra of the budget reduction talks should be deficit reduction, yes; jobs now.