Bernie Sanders remakes Budget Committee in his image
With Sen. Bernie Sanders set to become the top Democrat on the Senate Budget Committee this week after Republicans take control of Congress, the Vermont lawmaker is wasting no time remaking the panel that writes the government’s budget in his image.
After naming a self-described “deficit owl” as his chief economist, Sanders has hired well known progressive operative and writer Matt Stoller to advise the committee on Wall Street and other economic issues. Stoller started last Monday as senior policy adviser on financial services, trade and economic issues, a spokesperson confirmed to msnbc
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Sanders, who is eyeing a 2016 presidential bid, will become ranking member of the Budget Committee when Congress reconvenes Tuesday.
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Kelton, the chairwoman of the economics department at the University of Missouri-Kansas City, who used to tweet under the handle “@DeficitOwl” (as opposed to a “deficit hawk”) is a leader in a school of thought known as Modern Monetary Theory that advocates for some deficit spending as a means to grow the economy. This year, she gave a lecture titled “A Heartwarming Tale of Debt and Deficits in the Modern Economy.”
It’s another sign of the resurgence of the progressive left, which is aiming to move the Democratic Party on key issues ahead of the 2016 presidential election.
Link: http://www.msnbc.com/msnbc/bernie-sanders-remakes-budget-committee-his-image
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