I'm sure I do not need to remind any of you of what has happened to basic science in the US?
The drop in both % American high school students entering sciences as well as the drop in their absolute numbers is well documented. I just want to add that in 2008, America spent $140 billion in basic science R&D, just under 42% was non-defense.
And I do hope you put $142 billion into perspective, it is estimated that the American diet industry alone is between $40 and $100 billion. Marijuana alone is $120 billion a year market.
Clearly we have priorities we must keep.
... Next time you read about how it was either Clinton or Regan or Bush or Obama who got the country going again with either tax cuts, or universal health care, or it was the bankers, etc... or some other such policy win:
I think this graph makes quite clear that GDP growth has been dropping for quite some time despite fiscal gimmicks.
Interest Rates And Savings
1 week ago