This seems to be a very strong economic (logical) argument that flies in the face of the "conventional wisdom" ideology that dominates the current politics. Especially, in light of the statistics and other quantitative measurements that provide strong data that the lowering taxes philosophy does not generate jobs the way its dogmatic adherents' believe.
Gross’s credentials as a deficit hawk are unimpeachable, but he’s arguing here that, to be a deficit hawk over the long term, you need to be jobs-focused now, as no economy with 9 percent unemployment is going to achieve the growth necessary to get its deficit under control. And he’s right. The question is whether his call for the government to refocus on jobs and brush aside fantasies that deficit reduction is also job creation will get as much attention as his concerns about debt and deficits.
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