On Friday, $85 billion in Congressional spending cuts, aka “the sequestration,” are set to take effect. As Nation writer John Nichols says, the austerity-mongers “are advocating for zombie ideas—ideas that have been slain by the voters, and frankly even by Congress, and yet they walk among us.” Nichols joins Democracy Now! to discuss the impending crisis and the billionaires driving it.

James Cersonsky

Where’s President Obama to beat back the billionaires? Read John Nichols’s take