Yes, more people working means more tax revenue, which means lower deficits. It's a much bigger stretch to say that lowering deficits puts more people to work, especially when the GOP plan to reduce those deficits is generally to take money out of the hands of the poor and lay off large numbers of state and federal workers.
I was referring to monetary expansion. Running deficits by increasing spending-GSP ratio and accumulating public debt. Obviously, running unstable deficits (debt-GSP ratio increasing) is not sustainable in the long run. If you're not spending deficits to build an economy that can sustain monetary tightening, you're throwing away jobs and economic growth.
Republicans have been trying to explain this basic tenet of Keynesian economics for decades. Unfortunately, with each new Congress, our deficits are driven increasingly by deadweight social spending, which only secures the present.
You can accuse Walker of shutting off the taps before the Wisconsin economy could sustain fiscal tightening, but sustainable fiscal policy does lead to long-term job growth, compared to the effects of unsustainable deficits.
