"Deficit reduction" is killing jobs and stalling economic growth (which is the key to long-term deficit reduction)

Today's New York Times:

The nation’s unemployment rate would probably be nearly a point lower,

roughly 6.5 percent, and economic growth almost two points higher this year if Washington had not cut spending and raised taxes as it has since 2011, according to private-sector and government economists.

After two years in which President Obama and Republicans in Congress have fought to a draw over their clashing approaches to job creation and budget deficits, the consensus about the result is clear: Immediate deficit reduction is a drag on full economic recovery.