Word: budgeteering
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Dates: during 1960-1969
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That impression was mistaken. Word of Schultze's resignation was leaked prematurely one night to reporters in Washington, and it seemed that L.B.J. was letting his Budget Director go without the customary amenities. In fact, Johnson had written a "Dear Charlie" note of "deepest thanks and warmest admiration," but reporters did not know this, and rumors of a rift spread...
Encyclopedic Mastery. Actually, Schultze had told the President last summer that he wished to resign from the grueling job he had held for two years. It took Johnson's persuasiveness to induce him to stay through preparation of the new budget. Schultze, as the President knew, was the Administration's most effective economic spokesman on Capitol Hill. Even Wilbur Mills describes him as "one of the most brilliant economists I ever...
With an encyclopedic mastery of budget detail, Schultze had the difficult task of analyzing federal spending programs before an economy-minded Congress. Although the sharp rise in war spending dominated his attention, Schultze was still able to undertake a major streamlining of the Budget Bureau and to promote the cost-effectiveness techniques that McNamara introduced at the Pentagon. Though he could have commanded $100,000 a year, Schultze accepted modestly salaried posts as a senior fellow at the Brookings Institution and part-time professor at the University of Maryland...
Named to succeed Schultze was an other New Economist-Charles J. Zwick, 41, a former Harvard professor and Assistant Budget Director for two years. An expert in Government reorganization, Zwick aims to consolidate and strengthen the programs that Johnson has won from Congress...
Last week those plans lay in shreds. Aiming to slash $2.4 billion from his government's budget as a necessary sequel to devaluation, Prime Minister Harold Wilson dispatched aides around the globe to tell his allies of new and faster military pullbacks - moves that would ring down the curtain on Britain as a major armed power of the world. Unless the plans are modified in last-minute Cabinet debate before he submits the new budget to Parliament this week, all but token numbers of Britain's military, the builder of its empire and binder of its commonwealth, will...