southbeach1500 saidWell Metta8, that is because the Federal government is in $18 TRILLION dollars of debt. What do you think, the money is just gonna keep flowing forever?
Thank your dear leader President Obama for running up $8 trillion of it.
So I'm slightly confused ......your disdain for President Obama is well documented.....but your comment would indicate you are in favor of the Federal Government subsidizing R&D. I'm guessing NOT, but you have to take any opportunity to shred the President rather than contribute any type of fresh idea or thought.
Here's a fresh (at least for RJ) thought:
Democrats (and Republicans) have been running up our nation's debt for years now. President Obama took office with $10 Trillion in debt and now, in his 6th year, we are at over $18 Trillion in debt.
Democrats (and unfortunately "establishment Republicans") have an insatiable need to continue to grow the size of the Federal government and increase Federal government spending.
We are rapidly approaching the point where no matter how much the Democrats and "establishment Republicans" will want to continue down this path, it will not be possible.
So now we have this topic lamenting about how government-funded research spending will be down. Will it actually be down, or will THE RATE OF INCREASE be down? One always needs to answer that question whenever one hears about "spending cuts" and the Federal government.
Federal government research spending is fine so long as it is confined to those areas enumerated in the Constitution as being functions of the Federal government. And to clarify, I do not read "the General Welfare" as anything and everything that would be "good" for people. So as an example, defense R&D - fine with it. The mating behaviors of a dung beetle - nope.