Word: rivlin
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...particularly useful to Taber and Charles Alexander, who wrote this week's cover story on how fares "Reaganomics." The economists' comments amplified key points to be dealt with in the story, which was checked by Reporter-Researcher Bernard Baumohl. The guest participant at the meeting was Alice Rivlin, director of the Congressional Budget Office, who a few days later gave her newsmaking testimony before the House Budget Committee...
...economy. To the contrary, after a period of sluggishness, industrial production is expected to rebound sharply. TIME's Board of Economists,* which met last week in New York City, predicted that by the second half of 1982 business would be growing at a robust 4% annual pace. Alice Rivlin, the director of the Congressional Budget Office and a guest participant at the meeting, reported that her office is assuming a 4% annual economic expansion in the years 1983 and 1984. Said she: "We are quite optimistic about the outlook for the economy...
...Social Security benefits. Defense, Social Security and interest on the national debt make up about 60% of the budget, and other programs have already been slashed to barebone levels, prompting street demonstrations by labor unions and other angry groups. Without rollbacks in Social Security or military spending, said Alice Rivlin last week as she testified before the House on the budget outlook, "you would simply have to close down the rest of the Government...
...Alice Rivlin, director of the Congressional Budget Office, warns that if the Administration forecasts prove too optimistic, "higher inflation, higher interest rates, higher unemployment would all work to produce more federal spending and larger federal deficits"; that would spur still more inflation. A way of hedging against that outcome, Rivlin suggests, would be to cut back on the big indexed programs like Social Security, so that higher-than-expected rises in the CPI would not push up federal spending quite so rapidly...
...Rivlin said last night she was attracted to Radcliffe by its graduate program in economics, adding, "I have a nice feeling about Radcliffe...