US Scientific R&D Could Face Fiscal Cliff Doom

The tough economic times have had a huge effect on scientific research and development funding. The looming "fiscal cliff" may be the last straw for many programs. "The American science programs that landed the first man on the moon, found cures for deadly diseases and bred crops that feed the world now face the possibility of becoming relics in the story of human progress. American scientific research and development stands to lose thousands of jobs and face a starvation diet of reduced funding if politicians fail to compromise and halt the United States' march towards the fiscal cliff's sequestration of federal funds."

Comments

Re:America's hand is being forced...

[Attila Dimedici]

Have you been paying attention to what is happening in Europe over the last two years? Countries in Europe are one by one reaching the point where the cost of government services (including and mostly involving, that "social security safety net") are exceeding tax revenues to the point where no one wants to loan them money.