Thu, Jan 03, 2013 - Page 7 News List

ANALYSIS: US ‘fiscal cliff’ deal is called a dud on deficit front

Reuters, WASHINGTON

Among those disappointed by the process was Alice Rivlin, a Brookings Institution academic, former US budget director and co-author of another widely discussed deficit reduction plan named for herself and former US Senator Pete Domenici, a Republican from New Mexico.

“I’d been optimistic,” Rivlin said. “I thought that we might get might get it done” and that Boehner and Obama “might get to a grand bargain.”

Maya MacGuineas, a budget hawk who has led a group of corporate chieftains in a group called “Fix the Debt,” was also unenthusiastic about the bill.

“This is one of the lowest common denominator deals,” MacGuineas said. “I wish I had something nice to say, but not so much.”

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