The Obvious Budget Deal

Ezra Klein wants so know why no one is suggesting it:

Expand short-term deficits to boost employment and commit to credible deficit reduction in the long-term. The right move for deficit hawks would be to release a proposal that pairs a generous jobs bill with serious long-term reforms (for instance, a bill providing $300 billion in immediate stimulus and also lowering the cap on the mortgage interest deduction, bringing back the full estate tax and cutting defense spending). This moment, viewed correctly, actually offers a substantial opportunity for long-term deficit reduction because the need for short-term deficit spending gives hawks a bargaining chip that will bring liberals to the table. But no one seems interested in offering that deal.

Steinglass thinks we should pay more attention to the Dutch.