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The federal budget deficit is the biggest single impediment to revitalizing the American economy.
Alice Rivlin
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Alice Rivlin
Age: 88 †
Born: 1931
Born: March 4
Died: 2019
Died: May 14
Economist
Former Director Of The Office Of Management And Budget
University Teacher
Philadelphia
Pennsylvania
Alice Mitchell Rivlin
Federal
Economics
Biggest
Revitalizing
Single
Impediment
Economy
Impediments
American
Deficit
Budget
Budgets
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Cynics about government find much to be cynical about.
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Politicians pay more attention to interest groups than to the public interest.
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One would hope that you would have a CBO director who does not let ideology get in the way of making good estimates. [Congress] values having a credible institution that they can rely on to give them the best estimates possible.
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most economists, like doctors, are reluctant to make predictions, and those who make them are seldom accurate. The economy, like the human body, is a highly complex system whose workings are not thoroughly understood.
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If simple, painless solutions to public problems existed, they would have been found long ago.
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The increase in inequality in income is a longtime trend, but the pressure on middle- and low-income workers is going up rapidly. Especially if they live in an area where there are high housing and gas prices, like California.
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