Loss of revenue resulting from:

(1) the cuts in government spending on domestic programs, as well as

(2) an increase in savings and an overall decrease in aggregate demand,

will offset the savings to the debt/deficit.

Charlie Buckowski in 2012!

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Bernie Sanders Could be the Next FDR

Tuesday night, I appeared on the Last Word with Lawrence O’Donnell to talk about Elizabeth Warren, the rise of progressives within the Democratic Party, and what this means for Bernie Sanders’ presidential campaign.

At one point in our discussion, the conversation turned to whether Bernie represents the closest thing to an Elizabeth Warren candidacy.