tax to post converter

/**
 * Create slugs/terms in jjm_author_tax taxonomy for all jjm_authors posts
 *
 */
function make_taxonomy_from_posts($post_type, $taxonomy){
   // Get all posts
   $query_posts = query_posts(array(
                             // ... of the requested type
                             'post_type'=> $post_type,
                             // ... and it supports the taxonomy
                             'taxonomy' => $taxonomy,
                             // ... without limit
                             'nopaging' => true,
                  ));

  // Reset the main query
  wp_reset_query();

  foreach ($query_posts as $query_post) {
      $post_id = $query_post->ID;
      $raw_title = $query_post->post_title;
      // Generate a slug based on the title.
      // We want to check for auto-draft so we don't create a term for a post with no title
      $slug_title = sanitize_title($raw_title);

      // Do the checks for empty titles
      // If the title is blank, skip it
      if ($slug_title == 'auto-draft' || empty($raw_title)) continue;
      // Get all of the terms associated with the post
      $terms = get_the_terms($post_id, $taxonomy);
      $term_id = 0;

      if (!empty($terms)) {
           $term_id = $terms[0]->term_id;
      }

     if ($term_id > 0) {
          // If the post has a term, update the term
          wp_update_term($term_id, $taxonomy, array(
                                               'description' => $raw_title,
                                               'slug' => $raw_title,
                                               'name' => $raw_title,
                         ));
     } else {
         // Otherwise add a new term
         wp_set_object_terms($post_id, $raw_title, $taxonomy, false);
     }
  }
}