George Rebane
That’s what President Obama has told us today. As usual, government information is mushy and gives plenty of wiggle room for later waffles. Given the current GDP at the $14 trillion level, this “investment” comes to about $420 billion annually – at least, we think it’s a long term commitment and not a one shot. We also don’t know whether this is an additional 3%, or is he planning on increasing the total federal R&D expenditure to the 3% level. As usual, the announcement is political blather designed to soothe and not inform.
The National Science Foundation tells us that the country’s R&D investments have been going up and down. Overall, in 2007 the nation’s total R&D expenditures were $368.1B with the feds spending $24.7B or about 6.7% of that. From this we can conclude that the feds intend to put at least $400B of new money (literally!) into government R&D programs annually. And since our President and Congress will attempt to cut back the present $3.6 trillion budget by less than a nat’s butt (see graphic here), this promised spending spurt will quietly bring next year’s budget up to $4 trillion. (BTW, if you’re losing track of all this, you’re doing exactly what government wants – the desired response is for you to roll your eyes, forget about it, and go about your day’s business.)










