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Living in the age of austerity

Reactions to President Obama's proposed budget for FY 2014 continued today.
President Barack Obama pauses as he speaks about his proposed 2014 budget as he stands with acting budget director Jeff Zients in the Rose Garden at the White House in Washington, Wednesday, April 10, 2013. (AP Photo/Charles Dharapak)
President Barack Obama pauses as he speaks about his proposed 2014 budget as he stands with acting budget director Jeff Zients in the Rose Garden at the...

Reactions to President Obama's proposed budget for FY 2014 continued today. The president has not been immune to attacks from progressive groups, such as the Progressive Change Campaign Committee. Much of the reaction from the left has centered around President Obama's proposed concessions on social security, Medicare, and Medicaid. The shift to austerity and the subsequent outcry is not unique to America--it has been happening around the world, under both conservative and progressive governments, since the Great Recession began.  No place illustrates this more than Greece.

Tonight, Chris Hayes asks what are the costs of austerity. Hayes will sit down with the former Prime Minister of Greece George Papandreou, who ran under a progressive agenda only to find himself implementing austerity cuts in an attempt to bring his country back from a financial crisis.