Charles Louis Schultze was born in Alexandria, Virginia on December 12, 1924. During World War II, he served for three years in the Army and was awarded a Purple Heart and Bronze Star. He received a bachelor's degree in economics and a master's degree in economics from Georgetown University and a Ph.D. in economics from the University of Maryland. He was on the staff of the Council of Economic Advisers from 1952 to 1959, then left to teach at Indiana University. He was worked as deputy budget director under President John F. Kennedy, budget director under President Lyndon B. Johnson, and chief economic adviser under President Jimmy Carter. He was a research scholar at Brookings Institution in Washington for 45 years. He wrote several books including Memos to the President: A Guide Through Macroeconomics for the Busy Policymaker. He died on September 27, 2016 at the age of 91.
This book brings together a prominent group of experts to answer this critical question. Edited by Henry Aaron and Charles L. Schultze, two of the nation's most noted and experienced economists, the book focuses on the crucial domestic and social issues confronting America today.
Seven vital areas are discussed by the following contributors: Henry Aaron on health care; Gordon L Berlin and William McAllister on homelessness; Linda R Cohen and Roger G. Noll on research and development; John J. DiIulio, Jr., on crime; Frank Levy and Richard J. Murnane on education and training; Isabel V. Sawhill on children and families; and Clifford M. Winston and Barry P. Bosworth on infrastructure. In each problem area, the authors use the results of research and analysis to identify existing or proposed governmental interventions that are likely to work, as well as some that are likely to fail and some that need to be reformed. They then present a budget proposal that not only pays for suggested changes in domestic policy, but brings the budget into virtual balance in ten years.