Will Higher Tax Rates in 2011 Cause an Economic Collapse? UPDATED

CATO  "It has always amazed me how tax cuts don’t work until they take effect. Mr. Obama’s experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011. …The result will be a crash in tax receipts once the surge is past. If you thought deficits and unemployment have been bad lately, you ain’t seen nothing yet."
Progressives: Ye Shall Know Them by Their Economic Ignorance  "The Zogby survey asked 4,835 American adults to identify their political ideology as either libertarian, very conservative, conservative, moderate, liberal, or progressive/very liberal. They were then provided eight fairly basic economic assertions, and asked to respond to each statement. "