Deficit hawks beware: the evidence is piling up against fiscal austerity. In the latest issue of Challenge magazine, Roosevelt Institute Fellows Mike Konczal and Arjun Jayadev's paper The Boom Not the Slump is highlighted alongside the likes of Robert Pollin and Lane Kenworthy. Konczal and Jayadev's study revisits the argument in favor of cutting the deficit now in order to achieve growth. It finds that this will only hold true under very particular circumstances -- which are nothing like what we're experiencing now. So while the country is focused on the Simpson-Bowles plan to cut the deficit, we all might want to think twice about whether that will get us out of this mess.