'The Atlantic' editor argues for keeping deficits high

Only 35 days remain until automatic tax increases and spending cuts kick in unless Congress is able to avert the fiscal cliff.

Politicians on both sides of the aisle have publicly shared willingness to compromise, but no deal is yet in sight. Some are saying that a deal that reduces the country’s debt will both improve the economy and create jobs.

Senior editor of "The Atlantic," Derek Thompson, disagrees with that assessment. Thompson is the author of "The Best Way to Think About Deficit Reduction: It's Not Stimulus, It's Insurance”, and he joins Zoraida Sambolin on Early Start live from Washington D.C. this morning.