Alice Rivlin: "We're Flirting with Disaster"

The Former White House budget chief thinks Congress squandered its opportunity to rein in the national debt but may still come to its senses.

No one is more familiar with fiscal and political drama in D.C. than Alice Rivlin, who has been a major player on the Washington stage for more than 40 years. An esteemed economist, Rivlin has been director of both the Congressional Budget Office and the White House Office of Management and Budget, and was vice-chairwoman of the Federal Reserve under Alan Greenspan. She was appointed by President Obama to the Simpson-Bowles commission on fiscal reform, and co-chaired, with former senator Pete Domenici, the Debt Reduction Task Force of the Bipartisan Policy Center.

SEE ALSO: Rivlin's Advice for Individual Investors and Key Points of the Domenici-Rivlin Plan

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Janet Bodnar

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.