On the Scene: Alice in Budgetland

Washington, D.C.

THERE must be something about the air in Room 245 of the Old Executive Office Building, where successive directors of the Office of Management and Budget have dwelt in splendid isolation, genuflecting at the altar of the balanced budget and obsessing over the current deficit, completely divorced from political and economic reality. Most recently Alice Rivlin, and before her David Stockman and Richard Darman, somehow decided that they, and not their President or political party, must set the agenda.

About the Author

Larry Kudlow

Larry Kudlow is the author of JFK and the Reagan Revolution: A Secret History of American Prosperity, written with Brian Domitrovic.

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Washington, D.C.

THERE must be something about the air in Room 245 of the Old Executive Office Building, where successive directors of the Office of Management and Budget have dwelt in splendid isolation, genuflecting at the altar of the balanced budget and obsessing over the current deficit, completely divorced from political and economic reality. Most recently Alice Rivlin, and before her David Stockman and Richard Darman, somehow decided that they, and not their President or political party, must set the agenda.