Former Fed vice chair Alice Rivlin dies at 88
Rivlin also founded the Congressional Budget Office
She's best known as the founder of the Congressional Budget Office, which has been a solid check and balance on over-optimistic government forecasts. She was particularly critical of framing tax cuts as a way to boost investment.
Rivlin said the "basic structure" of a balanced deficit reduction
plan must involve both spending savings and revenue increases.
"You can't get there any other way," Rivlin said, referring to a
comprehensive deficit reduction plan.