It's Simple: Cutting the Deficit Will Kill Jobs and Hurt Growth; Taxing the Rich Won't | Alternet
"Deficit reduction leads us in the opposite direction — away from jobs and growth. The reason the “fiscal cliff” is dangerous (and, yes, I know – it’s not really a “cliff” but more like a hill) is because it’s too much deficit reduction, too quickly. It would suck too much demand out of the economy."