I don't know if there is much more to add to this
The additional maddening thing is that if you fix the jobs problem you largely fix the deficit problem. The reverse is not true. If you "fix" the deficit you kill the jobs.
Okay, I'll add this: We can fairly state that it was the GOP's decision to focus on reducing the deficit, as opposed to curing unemployment. Republicans didn't give a damn about the debt during Dubya's presidency. Or Poppy's. Or Reagan's. And it was always pretty clear that Romney didn't care about the deficit except insofar as he could use it as an excuse to destroy entitlements.
The only question is this: Does the current focus on debt reduction arises from a sincere belief in the virtues of austerity? Or did "vampire capitalists" decide to profit from America's economic demise, the way the oligarchs profited from the end of the USSR?