Why Rush to Reduce Deficits?

A good article in Slate Magazine calls for politicians to do a better job of explaining why deficit reduction is so important.

The author, John Dickerson, repeatedly points out that the public is more interested in jobs. He says neither party has explained how reducing the deficit will get them jobs.

There's a really good reason for that.

It won't.

In fact, reducing the deficit, which is a good idea in the long run, will kill jobs in the short run.

If so, John Boehner said today, "so be it."

Let them eat cake.