Alice Rivlin on Compromise for Deficit Reduction

Deficit Commission member and longtime fiscal analyst says she'll vote 'Yes'

Thursday, December 02, 2010

dollar, andrew jackson, money On Friday, the National Commission on Fiscal Responsibility and Reform will vote on the chairs' contentious plan to reduce the federal budget deficit. (_J_D_R_/flickr)

The Presidential commission tasked with trying to find a way to stabilize and cut our deficit will vote tomorrow on its final recommendations. Theoretically, it would then go before Congress and President Obama for consideration.  The commission’s co-chairs, former Clinton White House Chief of Staff Erskine Bowles and former Republican Senator Alan Simpson, made waves earlier in the month by leaking their own controversial plan and encouraging members of the panel to adopt it. Yesterday, Bowles and Simpson brought a largely unchanged plan to the full panel.  Panel members then began indicating whether they’d vote for it.  

Alice Rivlin is on The President’s National Commission on Fiscal Responsibility and Reform.  Rivlin was the first director of the Congressional Budget office, director of the Office of Management and Budget, as well as a former Federal Reserve Vice Chair.  Rivlin is also a Senior Fellow at the Brookings Institute. She says she will vote for the plan and that we should see it less as a painful experience and more as an opportunity for our country.

Guests:

Alice Rivlin

Produced by:

Jen Poyant

Comments [3]

Newz_Listener from Connecticut

Ms. Rivlin forgets to mention while taking credit for the Clinton Administration surplus was that Newt Gingrich was Speaker at the time, the Congress was a Republican majority and the peace dividend was furnished by Reagan/Bush which may have something to do with the Clinton era surplus.

Dec. 02 2010 11:01 AM
Judy

Hey, Mr. Assange -- what's with all the secrecy, all of a sudden? Where's your "transparency" now? Why don't you publish your whereabouts on the web, like you did with everyone else's diplomatic and military cables, and take your lumps like everyone else?

Dec. 02 2010 09:41 AM
Jonpaul Barrabee from Metro Detroit

Instead of "Now is the Time for Action"

"The Time for action was Yesterday, Now is the Time for Recriminations"

Dec. 02 2010 08:14 AM

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