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The opening lines of the statement, which was issued at the end of the Group of 20 meeting hosted by Russia, said that "strengthening growth and creating jobs is our top priority" with no mention of tackling deficits.
Jones said the cost of government debt could fund "a brand new primary school every 8 hours" at $40m and neither major party was serious about tackling deficits by making a case to voters for spending cuts as Paul Keating successfully did three decades ago.
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In addition, Mr. Obama and his economic allies have argued that it is better to focus first on growing the economy, and getting Americans working and spending again, before tackling deficit reduction.
As he says in his book, taxpayers foot the bill if governments don't tackle deficits because a lack of confidence would stop the recovery in its tracks".
They looked askance at France's and Germany's failure to adhere to the euro's internal rules as they tackled deficits.
In A Journey, published four months after the coalition took office, he wrote: "If governments don't tackle deficits, the bill is footed by taxpayers".
Yet it might be even harder to persuade almost everyone to pay a new federal tax where none has existed.Join hands and jumpHistorically, politicians are most likely to tackle deficits when prodded by markets.
-- Foreign Aid Spending--A 2010 World Public Opinion survey found that Americans want to tackle deficits by cutting foreign aid from what they believe is the current level (27percentt of the budget) to a more prudent 13percentt.
"We want to tackle deficit reduction in a way that doesn't exacerbate unemployment," he said.
Chote said there was a lack of clarity about how either Labour or the Conservatives planned to tackle deficit reduction.
Mr. Obama, by contrast, made a conscious decision to tackle deficit reduction and health care, for which he set aside $634 billion in his budget, at once.
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