Under the axe of sequestration, 140,000 families are set to lose housing assistance, mainly through cuts to Section 8 vouchers. "We're moving in the wrong direction from a collective perspective," The Nation's Greg Kaufmann says. "Half of the recipients are people with disabilities or seniors, the other half are families with children"—and, as is, only one in four families who are eligible for vouchers actually receive them. Kaufmann joins The Melissa Harris-Perry Show to discuss the impending crisis and what the big banks have to do with it

James Cersonsky

For more on the budget, housing and homeless, read Kaufmann's analysis in "This Week in Poverty."