Word: rivlin
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Brookings' Alice Rivlin to both Reagan and Mondale: I urge you to take quick and bold action on the deficit. It is actually one of the easier problems you face. I would then urge you to shift to harder problems like Third World development and getting an arms-control agreement with the Soviets. These issues are much more important than the deficit...
...show the way toward a compromise. Published last week, Economic Choices 1984 (Brookings; $8.95) presents a strategy that combines cuts in military and domestic spending with tax hikes. The 171-page book is the work of a team of ten economists headed by Alice Rivlin, former director of the Congressional Budget Office...
...Alice Rivlin, former director of the Congressional Budget Office who now heads economic studies at Washington's Brookings Institution, reported that her organization would soon release a plan to begin immediate steps that would balance the budget by 1989. It would carve nearly $50 billion out of domestic spending, partly by imposing a one-year freeze on cost of living adjustments in all federal benefit programs except those aimed at the poor. The proposal would also slash defense spending by almost $50 billion, mainly by canceling a number of weapons systems, chiefly the B-1 bomber...
Even after these cuts, said Rivlin, annual tax revenues would have to be raised by about $100 billion to balance the budget. She favors a tax reform of the type proposed by Senator Bill Bradley of New Jersey and Representative Richard Gephardt of Missouri. Their plan, which would eliminate many loopholes, could raise revenue and also lower tax rates. Said Rivlin: "I am fairly optimistic that Congress, realizing it needs a lot of revenue, will go for a major reform...
...Rivlin presented her speechentitled. Making Governments Word," as part of the Godkin Lecture Series...