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Innovation Approps in Peril?
What would that mean in dollars for the research investment plan?
The Task Force Understands the Gravity of the Situation
Debt as a percentage of GDP
Chris Mustain
December 2, 2010 - for the
Source: Heritage Foundation
Task Force on American Innovation
drawn from CBO, OMB, and Treasury data
GOP's Pledge to America:
Freeze non-defense
discretionary at
FY 2008 levels
The Question is:
Should we sidetrack the technologies of the future for a 0.046% savings?
Proposed Senate funding
or should we preserve this bipartisan growth priority?
A Quick History . . .
first
Is the U.S. Innovation Plan in Peril?
Return on Investment
dollars in millions
Google today is worth roughly $150 billion.
It all began with a $4.5 million NSF grant.
2005 - Disturbing Trendlines for U.S. Research
Lasers
batteries
Lithium
The response:
Economic growth must be part of the solution
THE AGENCIES
Federal basic research has spawned technologies and companies on which our economy relies:
Gradually Increase Key Budgets through FY 2017
Advanced Materials
The Internet
The return on investment is greater than the ratio of the large outer circle to the small inner circle below.
GPS
MRIs
Research
STEM Ed
$4.5 million NSF Digital Libraries Research Grant
. . . and this is one company
dollars in millions
* FY 2011 Budget - $3.834 Trillion in Outlays
That's like investing 46¢ out of $1,000.00
0.046% --
let's put that in
P E R S P E C T I V E
Task Force Letter to Bowles-Simpson Commission:
"We agree with the leadership of the Commission that all parts of the federal budget must be placed on the table for deficit reduction . . . however, as the Commission examines its options on the spending side, we urge you to differentiate investments that over time will grow the economy, create jobs, and increase federal revenues from programs that may be desirable but provide little if any financial return."